AI Summary18 Oct 20268 Jumada I 1448 AH
AI Summary
18 Oct 20268 Jumada I 1448 AH
Disney to Invest $60 Million to Attract Character AI Employees
Disney plans to invest $60 million annually to attract 66 employees from the struggling startup Character AI, which has filed for bankruptcy. This move follows Disney's recent layoffs in its technology sector, where it appointed Karandeep Anand as the first Chief Technology Officer.
The company is allocating $90 million for employee recruitment and retention, with an additional $30 million aimed at encouraging the hired workers to stay. Disney expects to spend $180 million on total compensation and retention incentives over the next three years.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Disney to Invest $60 Million to Attract Character AI Employees
Disney plans to invest $60 million annually to attract 66 employees from the struggling startup Character AI, which has filed for bankruptcy. This move follows Disney's recent layoffs in its technology sector, where it appointed Karandeep Anand as the first Chief Technology Officer.
The company is allocating $90 million for employee recruitment and retention, with an additional $30 million aimed at encouraging the hired workers to stay. Disney expects to spend $180 million on total compensation and retention incentives over the next three years.
Follow these topics
Sign in to follow the topics that matter to you
This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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