Disney to slash 7,000 jobsFebruary 08, 2023 at 17:02 PM EST
Disney announced Wednesday it will lay off some 7,000 workers as part of a restructuring plan aimed at saving the company billions of dollars, becoming the latest company cut jobs.
The Walt Disney company announced Wednesday it is trimming its payroll by some 7,000 employees, becoming the latest major firm to cut jobs as economic uncertainty weighs. The House of Mouse said the move is part of a major restructuring aimed at saving the company billions of dollars, and was announced by CEO Bob Iger during the company's first-quarter earnings call. This is a developing story and will be updated. 
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