Disney to Lay Off 7,000 Workers as CEO Iger Revamps to Restore ‘Creativity,’ Cut Costs

Disney CEO Bob Iger revealed connected Wednesday that astir 7,000 employees volition beryllium laid disconnected arsenic the amusement steadfast seeks to chopped expenses, reconstruct a absorption connected creativity, and pursuit profitability. Iger said that the extremity of Hollywood’s astir influential workplace is to prevention $5.5 cardinal successful costs, with $3 cardinal coming from contented and $2.5 cardinal from non-content areas. He emphasized the co...