Part 4/10:

Streaming services, once heralded as the future, have also faced fierce backlash. Disney pulled numerous shows from Disney+ and Hulu, a move seen as a desperate attempt to cut costs. The Netflix-like streaming model, which Disney heavily invested in, is now viewed as a failure, with the company retreating from its previous expansion plans.

Workforce Cuts and Labor Relations

In a related blow, Disney laid off over 8,000 employees during this turbulent period, further signaling its financial distress. These layoffs drew criticism, especially as the company struggled to maintain profitability amid declining box office revenue and platform success. The layoffs, coupled with ongoing disputes with labor forces, have cast a shadow over Disney’s public image.