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Coverage dated February 7, 2023 to February 8, 2023

Disney to Cut 7,000 Jobs and Slash $5.5 Billion in Costs as It Unveils Vast Restructuring

Headline from NBC Los Angeles

Disney unveiled a vast corporate restructuring, and CEO Bob Iger said the company isn’t considering a spinoff of ESPN.

NBC Los Angeles's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

73 articles, oldest first.

  1. NBC Los Angeles

    Disney to Cut 7,000 Jobs and Slash $5.5 Billion in Costs as It Unveils Vast Restructuring (opens NBC Los Angeles)

    Published

    NBC Los Angeles's feed description

    Disney unveiled a vast corporate restructuring, and CEO Bob Iger said the company isn’t considering a spinoff of ESPN.

  2. FOX 5 DC

    Disney to cut 7,000 jobs part of company restructuring, CEO Bob Iger announces (opens FOX 5 DC)

    Published

    FOX 5 DC's feed description

    The Walt Disney Company is set to cut 7,000 jobs as part of an effort to make up more than $5 billion in savings, CEO Bob Iger said Wednesday during the company's first quarter earnings call.

  3. NBC News

    Disney to cut 7,000 jobs as it slashes costs and reorganizes (opens NBC News)

    Published

    NBC News's feed description

    On Wednesday during its quarterly earnings call with investors, Disney announced it would be cutting $5.5 billion in costs.

  4. Triblive

    Disney to cut 7,000 jobs in Iger's company 'transformation' (opens Triblive)

    Published

    Triblive's feed description

    LOS ANGELES — The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger. The job cuts amount to about 3% of the entertainment’s global workforce and were announced Wednesday after Disney reported quarterly results that topped …

  5. CBS News

    Disney to cut 7,000 jobs as CEO Bob Iger seeks "transformation" (opens CBS News)

    Published

    CBS News's feed description

    The job cuts, about 3% of Disney's global workforce, come months after Iger returned to revitalize the media business.

  6. WFAA Dallas

    Disney will cut 7,000 jobs, slash $5.5B in costs (opens WFAA Dallas)

    Published

    WFAA Dallas's feed description

    The job cuts amount to about 3% of the entertainment’s global workforce.

  7. KESQ Palm Springs

    Disney announces 7,000 job cuts as part of $5.5 billion cost-cutting move (opens KESQ Palm Springs)

    Published

    KESQ Palm Springs's feed description

    The Burbank-based Walt Disney Co. will slash 7,000 jobs as part of a $5.5 billion cost-cutting effort, CEO Bob Iger announced today

  8. Bloomberg

    Disney to Cut 7,000 Jobs as Bob Iger Seeks $5.5 Billion in Savings (opens Bloomberg)

    Published

    Bloomberg's feed description

    Walt Disney Co. Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company that includes cutting 7,000 jobs and $5.5 billion in cost savings.

  9. FOX Business

    Disney to slash 7,000 jobs (opens FOX Business)

    Published

    FOX Business's feed description

    Disney announced Wednesday it will lay off some 7,000 workers as part of a restructuring plan aimed at saving the company billions of dollars, becoming the latest company cut jobs.

  10. The Guardian

    Disney to cut 7,000 jobs worldwide in effort to save $5.5bn in costs (opens The Guardian)

    Published

    The Guardian's feed description

    Layoffs represent an estimated 3.6% of Disney’s global workforce and follows major job cuts at other top US companies

  11. WMUR

    Disney planning to cut 7k jobs across the company, CEO says (opens WMUR)

    Published

    WMUR's feed description

    Disney says it plans to cut costs by $5.5 billion.

  12. Breitbart News

    Disney to Lay Off 7000 Employees as CEO Bob Iger Slashes Spending Amid Profitability Crisis (opens Breitbart News)

    Published

    Breitbart News's feed description

    The Walt Disney Co. is eliminating 7,000 jobs worldwide, or more than 3 percent of its workforce, as CEO Bob Iger aims to slash a stunning $5.5 billion in spending in an attempt to save the once formidable company.

  13. Hot Air

    NEW: Disney to lay off 7,000, cut $5B in costs (opens Hot Air)

    Published

    Hot Air's feed description

    Walt Disney Co.said it plans to trim 7,000 jobs and eliminate $5.5 billion in costs as part of a major corporate reorganization that gives more power to the company’s content executives and puts a gre...

  14. France 24

    Disney to cut 7,000 jobs as returned CEO Iger vows 'transformation' (opens France 24)

    Published

    France 24's feed description

    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.

  15. ABC 12 Flint

    Disney plans to cut 7,000 jobs and reward shareholders (opens ABC 12 Flint)

    Published

    ABC 12 Flint's feed description

    Disney became the latest company to report deep job cuts, as it said it would cut 7,000 jobs from its global workforce.

  16. The Week

    Disney to cut 7,000 jobs, restructure company in cost-saving measure (opens The Week)

    Published

  17. Arkansas Democrat-Gazette

    Disney to let 7,000 of its workforce go (opens Arkansas Democrat-Gazette)

    Published

    Arkansas Democrat-Gazette's feed description

    The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a "significant transformation" announced by CEO Bob Iger.

  18. The Economist

    Disney will cut 7,000 jobs as it restructures its business (opens The Economist)

    Published

    The Economist's feed description

    The firm is seeking $5.5bn in cost savings

  19. Adweek

    Disney to Lay Off 7,000 Amid Subscriber and Revenue Losses (opens Adweek)

    Published

    Adweek's feed description

    CEO Bob Iger will restructure the company and cut $5.5 billion in costs.

  20. Deseret News

    Why Disney is cutting 7,000 jobs and $5.5 billion in costs (opens Deseret News)

    Published

    Deseret News's feed description

    The cuts come as Disney reported better than expected earnings.

  21. Washington Times

    Disney sacking 7,000 workers amid plan to slash $5.5 billion in costs (opens Washington Times)

    Published

    Washington Times's feed description

    Disney is axing 7,000 employees, over 3% of the company’s global workforce of 220,000 workers, CEO Bob Iger announced on a first-quarter earnings call.

  22. Gopusa

    Disney to cut 7,000 jobs (opens Gopusa)

    Published

    Gopusa's feed description

    LOS ANGELES (AP) — 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 repo…

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Disney to Cut 7,000 Jobs and Slash $5.5 Billion in Costs as It Unveils Vast Restructuring | Since Then