Iger’s four-day-per-week stipulation is stricter than other companies’ decisions which have opted for two or three mandated in-office days for hybrid employees. The decision comes less than two months after he was reinstated as the CEO of the company, promising a two-year stint that would spark renewed growth for the company and develop a successor to take his place.
Iger’s return in November came days after former CEO Bob Chapek said he planned to slash costs at the company, which had been burdened by swelling costs at its streaming service, Disney+. Iger’s return also comes as legacy media companies contend with a rapidly shifting landscape, as ad dollars dry up and consumers increasingly cut off their cable subscriptions in favor of streaming.
