The Walt Disney Company was in for a bit of a shock Wednesday as newly reinstalled chairman Bob Iger announced on an earnings call that the entertainment giant was axing 7,000 employees—or three percent of its workforce—in a bid to cut over $5.5 billion from its operating budget.
He also heralded a major reorganization that will give more authority to the company’s content executives and a heightened role to sports media.Iger said he took the decision seriously : “I have enormous […]
Article Source: redstate.com
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