Disney to Lay Off 7,000 Workers as CEO Iger Revamps to Restore ‘Creativity,’ Cut Costs
over 1 year in theepochtimes
Disney CEO Bob Iger revealed on Wednesday that around 7,000 employees will be laid off as the entertainment firm seeks to cut expenses, restore a focus on creativity, and chase profitability. Iger said that the goal of Hollywood’s most influential studio is to save $5.5 billion in costs, with $3 billion coming from content and […]