Bob Iger To Cut Some 7000 Jobs at Disney as Cost-Cutting Measure

Bob Iger To Cut Some 7000 Jobs at Disney as Cost-Cutting Measure

Today on the Walt Disney Company 1st Quarter 2023 call Bob Iger announced that Disney would be cutting some 7000 jobs across the company as a cost-cutting measure.

Iger announced that the company would be making a $5.5 billion cut in costs as part of its restructuring process which equates to about 3.2% of Disney’s workforce.

This cost-cutting is in line with statements made by Iger last year that there would be layoffs and a hiring freeze for the Walt Disney Company coming in 2024.

Click here to read the full first-quarter earning report for 2023.

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Who is your Travel Agent?(Required)

Name(Required)

First Last

Email(Required)

Phone(Required)

Destination(Required)

# of Adults(Required)

# of Children(Required)

Check-in-Date(Required)

Check-out-Date(Required)

Comments, Questions or Special Requests

This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!

Written by:

Chip 13,262 Posts

Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.

View All Posts

Follow Me :