Disney CEO Bob Iger told hybrid employees on Monday they must return to corporate offices four days a week starting March 1.
Disney CEO Bob Iger told hybrid employees on Monday they must return to corporate offices four days a week starting March 1, according to an email obtained by CNBC.
Iger's four-day-per-week stipulation is relatively strict compared with other large companies, many of which have opted for two or three mandated in-office days for hybrid employees.Follow your favorite stocksBob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.CEO Bob Iger told hybrid employees on Monday they must return to corporate offices four days a week starting March 1, according to an email obtained by CNBC.
During the pandemic many companies opted for work-from-home or hybrid work models that kept large gatherings of people, and thus the spread of Covid, to a minimum. As vaccination rates rose and cases and hospitalization rates fell, companies like Disney looked to bring staff back to offices and return to a more normalized pre-pandemic work environment.
Iger's four-day-per-week stipulation is relatively strict compared with other large companies, which have opted for two or three mandated in-office days for hybrid employees. It comes less than two months after he returned to the helm of the company, promising a two-year stint that would spark renewed growth for the company and develop a successor to take his place.
, 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.
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