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Disney Company Will Cut 7,000 Jobs Due To Economic Woes

The move, announced by CEO Bob Iger during the company's first-quarter earnings call, is part of a major restructuring aimed at saving the company billions of dollars.

Elize Coetzee for SurgeZirc SA
By Elize Coetzee for SurgeZirc SA
Disney Company Will Cut 7,000 Jobs Due To Economic Woes.
Disney Company Will Cut 7,000 Jobs Due To Economic Woes.
Disney Company Will Cut 7,000 Jobs Due To Economic Woes.
Disney Company Will Cut 7,000 Jobs Due To Economic Woes.

The Walt Disney Company announced Wednesday that it will reduce its payroll by 7,000 employees, making it the latest major corporation to lay off workers as economic uncertainty mounts.

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The move, announced by CEO Bob Iger during the company’s first-quarter earnings call, is part of a major restructuring aimed at saving the company billions of dollars.

This is a developing story that will be updated once more details are available.

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SourceSurgeZirc SA
Elize Coetzee for SurgeZirc SA
Elize Coetzee for SurgeZirc SAhttps://new.surgezirc.co.za
Elize Coetzee, a seasoned journalist, is the driving force behind SurgeZirc SA’s world news and world politics coverage. With an unwavering commitment to truth, Elize delves into global affairs, providing live updates, in-depth investigations, and thought-provoking analysis. Whether it’s geopolitical tensions, international diplomacy, or breaking stories, Elize’s incisive reporting keeps readers informed and engaged.
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