Disney has said it plans to trim 7,000 from its workforce overall
included some 166,000 in the U.S. and 54,000 in other countries at the beginning of October, according to the most recent annual report the company filed in late November. Of that 220,000 total, over three-quarters of them were full-time.
The company has said its ongoing, massive restructuring, which involves job cuts, switching to three business segments and other steps, will bring it $5.5 billion in savings. The move was announced about 3.5 months ago, when Disney held its first-quarter earnings call. While speaking on the latest quarterly call with analysts and investors earlier in May, Iger said the"I’m pleased to say the strategy we detailed last quarter is working," he said. "Our new organization structure is returning authority and accountability to our creative leaders, as well as allowing for a more efficient, coordinated and streamlined approach to our operations."
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