Disney CEO Bob Iger lately announed cuts to the tune of seven,000 jobs.
“This reorganization will end in a less expensive, coordinated, and streamlined strategy to our operations,” Iger mentioned in the course of the firm’s earnings name Wednesday, Feb. 8. “I don’t make this resolution evenly.”
The layoffs are a part of a plan to chop $5.5 billion in prices simply as Governor Ron DeSantis asserts management over the theme park large’s autonomy within the Reedy Creek District. The bulk — $3 billion — of the cuts will come from the content material devision (excluding sports activities).