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Disney to cut 7,000 jobs part of company restructuring, CEO Bob Iger announces

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The Walt Disney Company will slash 7,000 jobs in an effort to cut costs and will be restructured into three core business segments, CEO Bob Iger revealed Wednesday during the company's first quarter earnings call.

Iger said the company would be restructured into three core business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products, and that streaming would continue to be a focus for the company. Those changes would be implemented immediately.

"We believe the work we are doing to reshape our company around creativity, while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders," he said.

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Another mass layoff.....Joe Biden weren't you just bragging about how low the unemployment is? Amidst all these mass layoffs?

Go woke , go broke.

GoWokeGoBroke ?

Never will my large family ever go to hell land again

how many layoffs would it prevent if Bobby reduced his own enormous salary by 15%? my guess is all of them.

I hope Disney collapse and the far left extremism

😢

I think this is misinformation. Last night, Joe Biden said the economy is great.

Well their stock has been in the tank

They went woke!

日本 最新ニュース, 日本 見出し

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Disney earnings: CEO Bob Iger tackles cuts and the fate of Hulu and ESPNDisney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN Got WOKE? Yep. Or they could stop being so woke and just make cartoons again.
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