Chapek revisits Disney exit in memoir, signaling leadership tensions with Iger as he frames tenure and concerns heard by the board.
Chapek describes his Disney exit as a deliberate undermining by his predecessor Bob Iger, and recounts the board’s role, Iger’s return to the helm, and the ensuing financial and strategic strains on Disney through the pandemic and after.
Disney has announced another round of job cuts as it continues cost-saving efforts under CEO Josh D’Amaro. The company is trimming hundreds of roles, mainly in technology and HR, after earlier layoffs in April and over the summer. Disney says the plan is part of a broader strategy to reduce labor and SG&A costs to fund growth, with further updates expected.