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

Bob Iger's Compensation Package

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.

Related – Walt Disney Company Revenue Grew by 8% for the First Quarter of 2023

Disney CEO Bob Iger

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 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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