"Running businesses more effectively" in others wordsThat was obvious speculation, but Iger's statement about "running businesses more effectively" post-corona should've raised a lot of alarm bells and put the sentiment that the company will get through the other side a rebound quickly without major damage in question.
Utilize automation to save on labor costs to pay workers to do the same job, restructure and consolidate operations to work with less staffing but increasing productivity, eventual job losses on some fronts. Outsource jobs that do not directly deal with customers when possible.