Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,000 workers, about 3% of its global workforce of 220,000 as of October.
In his first public financial report since returning to the company in late November, Iger said the layoffs are part of Disney’s efforts to slice a total of $5.5 billion in costs. He did not say where the cuts would occur.
But significant layoffs within Florida’s theme parks division appear unlikely. Executives praised the performance of the theme parks, and Iger stated he was “very, very bullish about our parks. ... Demand on the parks is extraordinary right now.”
