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Breaking News: Bob Iger announces 7,000 layoffs at Disney, signals 'significant transformation'


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Breaking News
Feb. 08, 2023

Bob Iger announces 7,000 layoffs at Disney, signals 'significant transformation'

Bob Iger, in his first earnings call since returning to the company, announced Walt Disney Co. will shed 7,000 jobs as part of a broader effort to save $5.5 billion in costs.

Disney is facing pressure to control costs and boost profits as it continues to lose money from its key streaming business, which includes Disney+.
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