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Disney to Lay Off 7,000 Workers to Cut Costs, Restructure Company in Sweeping Revamp by CEO Bob Iger

Disney on Wednesday announced that it would cut 7,000 jobs at the firm, as part of efforts to cut costs and return power to creative executives. The company also said it would be restructured into three distinct segments, with the aim of having a more cost-effective, coordinated approach to its operations, according to CEO Bob Iger.

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