Comment on Disney to Cut 7,000 Jobs as Bob Iger Seeks ‘Significant Transformation’ for Company

Disney to Cut 7,000 Jobs as Bob Iger Seeks ‘Significant Transformation’ for Company

LOS ANGELES — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. The job cuts amount to about 3% of the entertainment giant’s global workforce and were unveiled after Disney reported quarterly results that topped Wall Street’s forecasts. Iger returned as CEO in November following a challenging two-year tenure by his handpicked successor, Bob Chapek.

 

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