Disney to cut 7,000 jobs in major shake-up of firm
Disney chief executive Bob Iger says he is cutting 7,000 jobs as part of a major shake-up of the entertainment giant.
The figures showed a rise in earnings but the first drop in Disney+ subscribers since its launch in 2019. The changes address some of the criticisms raised in recent months by billionaire activist investor Nelson Peltz, who criticised Disney of overspending on its streaming business.
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