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Disney's Bob Iger is swinging the ax as he plans to lay off 7,000 workers worldwide

1 month ago   |   By NPR

Returning CEO Bob Iger is making a statement to his board about the company's finances moving forward. (Image credit: Patrick T. Fallon/AFP via Getty Images)
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Disney's Iger reveals 7,000 layoffs in restructuring move

Disney's Iger reveals 7,000 layoffs in restructuring move

1 month ago   |   By Orlando Sentinel

Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,500 workers, about 3% of the workforce.
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Disney to lay off 7,000 workers, CEO Bob Iger says

1 month ago   |   By ABC

Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company's earnings call on Wednesday.
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Newly returned Disney CEO Bob Iger is cutting 7,000 jobs and reorganizing the company

1 month ago   |   By Business Insider

Iger. Photo by Drew Angerer/Getty Images
Disney CEO Bob Iger announced layoffs on Wednesday.
7,000 jobs will be cut.
Iger returned as CEO in November.
Disney CEO Bob Iger is looking to cut costs and reorganize the company, announcing sweeping layoffs on Wednesday. During the company's quarterly earnings call on Wednesday, Iger said the company would cut 7,000 jobs. It's part of an effort to target over $5 billion in cost savings this year, Iger said. Iger returned as CEO in November after leaving the role in early 2020. He replaced his successor, Bob Chapek. Disney+ also lost subscribers...
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Disney is laying off 7,000 workers and restructuring to reduce costs in a major shakeup following the return of CEO Bob Iger

1 month ago   |   By Fortune

Shares of Disney rose as much as 3.8% to $116 in extended trading after the results were announced.
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Radioactive water leaks at Minnesota nuclear plant for 2nd time

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The leaked water remains contained on-site and has not been detected in any local drinking water, Xcel Energy said. Read more ...

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What kind of cocktail are you based on your zodiac sign?

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At least three people were found dead this week after their vehicles were swept away by floodwaters in Arizona, authorities said. Read more ...

This over-the-top Great Neck mansion asks a discounted $45M

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At 26 Pond Road, an estate featuring stained-glass ceilings, multiple pools and a marble-clad gym now asks less than half of its original $100 million ticket price. Read more ...

Stream It or Skip It: ‘My Kind of Country' on Apple TV+, Where International...

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Executive producers Reese Witherspoon and Kacey Musgraves enlist a trio of country music trailblazers to find Nashville's next new voice. Read more ...

New parity helps women's March Madness live up to the name, more than ever

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For the first time this century, two No. 1 seeds didn't make it to NCAA women's basketball's Sweet 16. And teams who geared up with transfers are challenging historically... Read more ...

Paul Rusesabagina, 'Hotel Rwanda' hero, will be released from prison

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