Disney to lay off 7,000 workers, CEO Bob Iger says

Disney axing 7,000 as streaming subscriptions fall slightly

Disney will cut 7,000 jobs in attempt to turn profits as Disney+ loses subscribers for the first time

Disney will undergo its third restructuring in five years with a layoff of 7,000 employees in an attempt to make its streaming business profitable, according to a report by Reuters.The $5.5 billion in cuts represent approximately 3.6% of the company's workforce, with the second stint of CEO Bob Iger...

Disney to cut 7,000 jobs as revenue rises and streaming subscriptions fall

Disney on Wednesday announced plans to eliminate some 7,000 jobs as it embarks on a broad effort to rein in expenses, making it the latest high-profile company to slash workers amid global economic uncertainty.

Disney lays off 7 000 employees as streaming subscribers decline

Entertainment giant Disney said Wednesday it was laying off 7 000 employees, as CEO Bob Iger announced a reorganisation of the company he returned to lead last year.

Job Cuts Come for Disney: 7,000 Layoffs Expected

'Our priority is the enduring growth and profitability of our streaming business,' Bog Iger says.

Disney will cut 7,000 jobs in a transformation announced by Bob Iger

The job cuts amount to about 3% of the entertainment giant’s global workforce and were unveiled after Disney reported quarterly results that topped Wall Street’s forecasts.