Disney to cut $5.5 billion in costs in a reshuffle including 7,000 jobs

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Disney to lay off 7,000 workers, cut $5.5 billion worth of costs in latest reshuffle
  • Disney (DIS) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs. As a result, the media giant plans to restructure the organization into three core business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products.
  • “While this is necessary to address the challenges we’re facing today, I do not make this decision lightly…

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