Disney Cutting 7,000 Jobs, or 3% of Workforce, Eyes $5.5 Billion in Total Cost Reductions.
Iger announced the plan to decrease costs by 7,000 people during the company’s earnings call on Wednesday for the quarter ending December 31, 2022. As of October 1, 2022, the figure corresponds to 3.2% of Disney’s approximately 220,000 global employees.