Bob Iger, Disney’s CEO, first announced the job cuts in a February earnings call. The 7,000 layoffs comprise 30% of $2.5 billion that Disney plans to save in noncontent costs.
In a memo sent Monday, Mr. Iger explained the situation to employees, noting that the cuts are projected to be finished by the end of spring.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Go woke…
🤣🤣🤣🤣🤣