Disney to cut 7,000 jobs in major revamp by CEO Iger
LOS ANGELES, Feb 8 (Reuters) - Walt Disney Co (DIS.N) on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.
The layoffs represent an estimated 3.6% of Disney's global workforce.
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