Disney to cut 7000 jobs in major revamp by CEO Iger
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Thursday, 09 February, 2023, 12:12
 The Walt Disney Co. announced plans Wednesday to cut about 4% of its entire workforce. That means layoffs for 7,000 employees. The company's stock increased immediately after the announcement, which was expected. Returning CEO, Bob Iger, is making a statement to his board about the company's finances moving forward. His goal is to cut more than $5 billion in costs in part by consolidating divisions that make and distribute movies and TV shows. |
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