disney

Disney to cut 7,000 jobs in major reorganization

February 9, 2023 / Business

LOS ANGELES (Reuters) – Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable. The layoffs represent an estimated 3.6% of Disney’s global workforce. Shares of Disney rose 4.7% to $117.22 in after-hours trading. The …

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Disney pushes back several Marvel movie release dates

October 12, 2022 / Entertainment

(Reuters) – The Walt Disney Company announced on Tuesday it will be pushing back the release dates for numerous upcoming Marvel films including, “Blade,” “Fantastic Four” and “Avengers: Secret Wars.” Following “Blade” director Bassam Tariq’s departure from the project in September due to scheduling conflicts, Marvel has decided to temporarily shut down production of the …

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