Walt Disney Company CEO Bob Iger is back in control, having returned to the helm in November 2022 after a period of instability following Bob Chapek's dismissal. Since then, the company has undergone significant directional changes and operational improvements, with a renewed focus on making end-consumers happy. One notable change saw Iger announce layoff plans in February 2023, with this week marking the first round of notifications to affected employees. The company aims to lose around 7,000 jobs in total by the beginning of summer. Changes are also expected for core assets like ESPN and Hulu, and there have been rumors that Disney may sell its majority stake in Hulu in order to fund ESPN's over-the-top network initiatives. In a challenging economic environment, Iger has emphasized the need for a more cost-effective, coordinated and streamlined approach to operations. Disney now has three core business segments: Disney Entertainment, ESPN and Disney Parks, Experiences and Products. Iger is expected to face questions at the upcoming annual shareholder meeting on April 3, however, he remains bullish on ESPN and believes it is vital for Disney’s future success.