Similar Stories to Disney To Cut 7,000 Jobs As Bob Iger Seeks ‘significant Transformation’ For Company on Bing News

Alex Veiga / AP, Time: Business
Wed, 02/08/2023 - 11:47pm

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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BING NEWS:
  • Disney to overhaul its money-losing Disney+ streaming service with new TV channels
    Disney reportedly plans to overhaul its money-losing Disney+ streaming service by adding standalone channels that feature ads. The so-called “FAST” channels — “free ad-supported streaming ...
    04/16/2024 - 5:04 am | View Link
  • As Disney Wins Proxy Battle, Wall Street Is Wait-and-See On If Bob Iger Can Land Succession
    By Georg Szalai Global Business Editor After Wednesday’s annual shareholder meeting — featuring CEO Bob Iger successfully ... and we believe they have significant synergies with Disney ...
    04/3/2024 - 6:49 pm | View Link
  • Disney’s Bob Iger beats back activist investors to keep control of Mouse House after bitter battle
    Disney chief Bob Iger on Wednesday prevailed in a bitter proxy battle with activist investor Nelson Peltz, who was seeking a board seat after arguing the entertainment giant had underperformed in ...
    04/3/2024 - 11:50 am | View Link
  • Meet Disney's newly elected board
    It's been a bruising few months for Disney CEO Bob Iger as he worked to fend off activist investor Nelson Peltz, whose Trian Fund Management lost a bid for two seats on the media giant's board of ...
    04/3/2024 - 10:00 am | View Link
  • Disney trounces activist shareholders in a major win for Bob Iger
    The shareholder vote served as a legacy-defining victory for CEO Bob Iger. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian ...
    04/3/2024 - 7:53 am | View Link
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