Published 1 year ago

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

Summary by Abc 13 Houston

Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company's earnings call on Wednesday.

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Times of India

Disney lays off 7,000 people as streaming subscribers decline

Entertainment giant Disney said it was laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year.

1 year ago·India

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BBC News

Disney says Toy Story and Frozen sequels on the way

It comes as the firm reports the first fall in Disney+ subscribers since its launch and 7,000 job cuts.

1 year ago·United Kingdom

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News18 India

Disney to Cut 7,000 Jobs in Major Revamp; Know Details

Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.

1 year ago·India

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The Guardian

Disney announces 7,000 layoffs while teasing Toy Story and Frozen sequels

Cuts represent an estimated 3.6% of Disney’s global workforce in effort to save $5.5bn in costs and follow major job losses at other top US companies

1 year ago·London, United Kingdom

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The Hindu

Disney to cut 7,000 jobs in Iger's company 'transformation'

The Walt Disney Co. says it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger

1 year ago·India

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CTV News

Disney to cut 7,000 jobs in major revamp by CEO

Walt Disney Co. on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save US$5.5 billion in costs and make its streaming business profitable.

1 year ago·Canada

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