Disney Q1: Streaming Bled $1B, Disney+ Shed 2.4M Subs, 7K Jobs On The Block
Disney is restructuring and will eliminate about 7,000 jobs and $3 billion in content expenses as part of a push to cut $5.5 billion in costs over the next several years. Newly returned CEO Bob Iger announced the shakeup during the company’s earnings call for Disney’s fiscal Q1 2023, ended Dec. 31…
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