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Disney CEO Bob Iger has announced that the entertainment giant would be undergoing major restructuring. As a part of its revamp, it would include 7,000 job cuts in order to save $5.5 billion in costs. The CEO even stated that Disney will be reorganised into three divisions in order to improve profit margins. Meta Layoffs: Tech Firm Asks Top Brass To Become Individual Contributors or Leave as Mark Zuckerberg Aims for Greater Efficiency, Says Report.
Disney Layoffs
Disney is laying off 7,000 employees. pic.twitter.com/5yXv1iyQVo
— DiscussingFilm (@DiscussingFilm) February 8, 2023
The Reason
Disney will reduce its workforce by 7,000 employees in a bid to cut costs, CEO Bob Iger said. The layoffs are part of Disney’s efforts to achieve about $5.5 billion in cost savings. https://t.co/Fj8bWt2Kx3 pic.twitter.com/WpojK0U66v
— Variety (@Variety) February 8, 2023
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