Disney's recent announcement that it will be laying off hundreds from its film, TV and finance divisions has led to gloating by critics, who view this as a result of the company "going woke."

Newsweek has reached out to Disney via email for comment.

Why It Matters

"Go woke, go broke" is a phrase that has been popularized in recent years, often adopted by conservative groups to celebrate the financial difficulties of companies they view as having embraced progressive ideals or supported left-wing political causes. It has also been used as a rallying call for boycotts of certain corporations, including Bud Light , Target , and Disney itself .

While the company's overall financial performance remains strong per its most-recent results, the layoffs coincide with challenges in Disn

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