var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.pubads().disableInitialLoad(); });
device = device.default;
//this function refreshes [adhesion] ad slot every 60 second and makes prebid bid on it every 60 seconds // Set timer to refresh slot every 60 seconds function setIntervalMobile() { if (!device.mobile()) return if (adhesion) setInterval(function(){ googletag.pubads().refresh([adhesion]); }, 60000); } if(device.desktop()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [728, 90], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.tablet()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.mobile()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } googletag.cmd.push(function() { // Enable lazy loading with... googletag.pubads().enableLazyLoad({ // Fetch slots within 5 viewports. // fetchMarginPercent: 500, fetchMarginPercent: 100, // Render slots within 2 viewports. // renderMarginPercent: 200, renderMarginPercent: 100, // Double the above values on mobile, where viewports are smaller // and users tend to scroll faster. mobileScaling: 2.0 }); });

Disney Let Go of Chief Compliance Officer as Part of Retrenchment Plan

Most law firms avoid posting jobs on Indeed or LinkedIn due to high costs. Instead, they publish them on their own websites, bar association pages, and niche legal boards. LawCrossing finds these hidden jobs, giving you access to exclusive opportunities. Sign up now!

published March 31, 2023

By Author - LawCrossing

Disney Let Go of Chief Compliance Officer as Part of Retrenchment Plan

Horacio Gutierrez Absorbs Alicia Schwarz's Role as Disney's Chief Compliance Officer

According to sources, Alicia Schwarz, Senior Vice President, and Chief Compliance Officer have been let go by Disney as part of the company's major retrenchment plan. Senior Executive Vice President and General Counsel Horacio Gutierrez will now absorb Schwarz's role. Schwarz previously served as Vice President, Assistant General Counsel, and Global Deputy Chief Compliance Counsel. Her responsibilities included overseeing compliance with Disney's global ethics and standards of business conduct and managing regulatory compliance with anti-corruption and trade law.

Disney's Retrenchment Plan Includes Significant Cost-Cutting Measures and Layoffs

The decision to let Schwarz go comes amid a sweeping overhaul at Disney, led by Chief Executive Bob Iger, which includes significant cost-cutting measures and several rounds of layoffs. The company is targeting 7,000 staff members in these cuts, with the first round beginning this week. The restructuring aims to cut billions of dollars in costs, given the current uncertain economic climate and media industry challenges.

The First Wave of Layoffs at Disney Affects Various Production Operations and High-Level Executives

United States
The initial wave of layoffs is related to the consolidation of production operations across Disney TV Studios, Hulu, Freeform, and FX, as well as the shutdown of the Creative Acquisitions department within the studio operations. Additionally, a unit set up by former CEO Bob Chapek to explore Metaverse projects was disbanded, along with the former CEO's DMED division (Disney Media & Entertainment Distribution).

Other high-level executives who have been let include Isaac Perlmutter from Marvel Entertainment, Mark Levenstein, SVP of Production for Hulu, and Jayne Bieber, SVP of Production Management & Operations for Freeform. Elizabeth Newman, VP of Development, who oversaw Creative Acquisitions for Disney Television Studios while based at 20th Television, is also leaving.

Disney's Three Divisions Expected to be Affected by the Restructuring Plan

All three of Disney's divisions – Parks, Experiences and Products; Entertainment; and ESPN – are expected to be affected by the restructuring. The upcoming second round of cuts is anticipated to be even more extensive.

In a memo to staff on Monday, Bob Iger acknowledged the challenges faced by the company. He emphasized the need to take action to ensure that Disney can continue to provide exceptional entertainment to audiences and guests worldwide. The company is set to hold its annual meeting of shareholders next week.
Gain an advantage in your legal job search. LawCrossing uncovers hidden positions that firms post on their own websites and industry-specific job boards—jobs that never appear on Indeed or LinkedIn. Don't miss out. Sign up now!

( 5 votes, average: 3.6 out of 5)

What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.