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.

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Chip 13,295 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.

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