Why is Disney planning thousands of job cuts despite double-digit earnings forecast?

Impact · against what's priced in

The news is largely neutral for Disney and Netflix as the market already anticipates a strict cost-discipline regime. While Disney is seeking further layoffs, this is an extension of an existing strategy to support margins the price already expects, rather than a surprise catalyst.

DIS+0.10

Already priced in

The price assumes

The recent 28% jump in adjusted earnings per share