Disney to axe 7,000 staff; loses streaming subs
The Walt Disney Company has announced a major restructuring under reinstated CEO Bob Iger, which will see some 7,000 jobs cut – an estimated 3.6 per cent of its global workforce – as part of an effort to save $5.5 billion (€5.1bn) in costs, and make its streaming business profitable. Iger specified he intends to […]