Why Is Disney To Cut Staff At Abc Tv Group

The article, “Disney to Cut Staff at ABC Television Group” describes how the Walt Disney Company is preparing to eliminate 300 job positions from 10,000 people. The person who implemented this decision is none other than Disney/ABC TV Groups’ president, Ben Sherman. He believes this would handle the financial damage that has the worth of $300 million; the reason for these costs is the loss of broadcast ratings which can be the result from streaming services such as Netflix. Sherman is investing on this strategy to modernize Walt Disney Co.’s business.
Based on the article, I learned that in order for businesses to going, they have to adapt when the business world and technology changes; this has been spoken about in class. This could also