Disney PHK Massal, This is its Market Capitalization Over the Last Decade

The Walt Disney Company, a media and entertainment company, conducted mass layoffs affecting 7,000 employees.

As quoted by *Katadata.co.id* from *Reuters*, this decision was made to cut expenses after its streaming business incurred losses. Disney CEO, Bob Iger, stated that this step was "necessary to address the current economic challenges we face."

Iger said the company aims for cost savings of US$5.5 billion across the company. He believes the layoffs will contribute to this savings target.

However, Iger did not specify which departments would be affected by the layoffs. The company's streaming business lost approximately US$1.5 billion in the last three months.

"Our priority is the sustainable growth and profitability of our streaming business," Iger said.

Following the mass layoffs, Iger believes Disney+, one of its streaming services, will be profitable by the end of fiscal year 2024. "That remains our goal."

Aside from these significant layoffs, what has Disney's market capitalization been over the past 10 years?

Data from Companies Market Cap shows that in 2013, Disney's market capitalization (ticker symbol: DIS) was close to US$130 billion. The following year, it jumped to US$160 billion.

In 2015, the market capitalization of the American company rose to US$174 billion. Unfortunately, in the two years that followed, its value fell to US$166 billion in 2016 and US$162 billion in 2017.

Market capitalization reached its highest point in 2019-2020. At that time, the company founded by Walt and Roy Disney reached US$257.58 billion in 2019 and US$328.02 billion in 2020.

Subsequently, it frequently declined. In 2022, it was only US$158.43 billion.

Companies Market Cap states that this market capitalization represents the value of a publicly traded company.

"In most cases, it can be easily calculated by multiplying the share price by the number of outstanding shares," Companies Market Cap writes on its website.

Here's Disney's market capitalization over the past 10 years:

* 2013: US$129.88 billion
* 2014: US$160.12 billion
* 2015: US$173.71 billion
* 2016: US$165.86 billion
* 2017: US$162.04 billion
* 2018: US$164.47 billion
* 2019: US$257.58 billion
* 2020: US$328.02 billion
* 2021: US$281.53 billion
* 2022: US$158.43 billion
* 2023: US$201.60 billion