World Disney to cut 7,000 jobs in major revamp by CEO Iger
Disney said it planned to cut $2.5 billion in sales and general administrative expenses and other operating costs, an effort that is already under way
NewsWorldDisney to cut 7,000 jobs in major revamp by CEO Iger
Disney to cut 7,000 jobs in major revamp by CEO Iger
Disney said it planned to cut $2.5 billion in sales and general administrative expenses and other operating costs, an effort that is already under way.
Ratio of Disney 2020 - 2023
"My sense is that Disney is already doing many of the things Nelson Peltz is demanding, though not necessarily in response to pressure from him," said Paul Verna, principal analyst at Insider Intelligence.
Iger said the company was not in discussions to spin off ESPN, which will continue to be led by Jimmy Pitaro.
TV executive Dana Walden and film chief Alan Bergman will lead the entertainment division
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