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Disney Layoffs: CEO Bob Iger Announces 7,000 Job Cuts in the Entertainment Company, Here’s Why

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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

The Reason

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