Disney Cuts 7,000 Jobs in Effort To Reduce Costs by $5.5B USD

The Walt Disney Company is undergoing its own round of layoffs as part of a major endeavor to restructure its operations. CEO Bob Iger announced the layoffs on Wednesday during a call for the first earnings report since he rejoined the company.7,000 employees will be let go, equating to 4% of Disney's global workforce. Overall, the company is aiming to cut its yearly costs by approximately $5.5 billion USD.We must return creativity to the center of the company, increase accountability, improve r...