Disney is to let go of 7,000 employees in a “major shake-up” of the entertainment giant.
The job cuts amount to around 3.6% of Disney’s workforce around the world, and are part of a plan to save $5.5bn (£4.5bn) and make its Disney+ streaming service profitable.
Disney chief executive Bob Iger said he did “not make this decision lightly”.
Iger, who returned to Disney in November, said the changes would "better position us to weather future disruption and global economic challenges".
Last year, Disney+ reported a $1.5bn loss, adding that its subscribers fell by around 2.4 million to 161.8 million.
Please subscribe HERE http://bit.ly/1rbfUog
#Disney #BBCNews
High inside the Arctic circle, the archipelago of Svalbard is one of the fastest warming places on Earth. Yet for…
TORINO (ITALPRESS) – Jannik Sinner profeta in patria. Il tennista azzurro, 23enne, numero uno del mondo, ha vinto le Atp…
MILANO (ITALPRESS) – “Abbiamo votato tutti quanti per l’autonomia differenziata, siamo favorevoli. Noi di Forza Italia abbiamo sempre detto che…
PALERMO (ITALPRESS) – L’Open day itinerante della prevenzione torna a Palermo per una giornata all’insegna della prevenzione nel quartiere Danisinni.…