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Chicago Sun-Times
Chicago Sun-Times
National
ALEX VEIGA | AP Business Writer

Disney to cut 7,000 jobs in Bob Iger’s ‘transformation’ of entertainment giant

Disney Bob Iger Entertainment Bob Chapek Mark Parker Nelson Peltz Hulu
Bob Iger returned as Disney CEO in November following a challenging two-year tenure for his hand-picked successor, Bob Chapek. Iger said the company would focus more on core brands and franchises. (AP Photos)

LOS ANGELES — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.

The job cuts amount to about 3% of the entertainment giant’s global workforce and were unveiled after Disney reported quarterly results that topped Wall Street’s forecasts.

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