Based on the results of a survey by the World Economic Forum (WEF), about two-thirds of global economists predict a worldwide recession will occur in 2023. As many as 91% of economists think the US economy will weaken.

This happened to the US entertainment giant, Walt Disney Company which has announced 7,000 job layoffs from its global workforce. The job cuts represent around 3.2% of Disney's 220,000 employees worldwide. The company is targeting US $5.5 billion in cost savings, including $3 billion in content savings. According to Robert Iger, CEO of Disney, this layoff is one of the company's efforts to deal with the worsening global economic situation.

The latest report, that Disney's streaming service has lost 2.4 million subscribers overall for the period of Q4 2022. This is also predicted to be one of the factors of Disney eliminating 7,000 jobs. In your opinion, what should Disney do to sustain the company in times of economic downturn like this? Share your thoughts down below!