The Walt Disney company's second round of layoffs reportedly resulted in several high-ranking officials in streaming being let go as Bob Iger puts focus on savings and streaming.
Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week.
The Walt Disney Co. is reportedly planning to lay off at least 4,000 current employees in April after CEO Bob Iger announced a plan to cut 7,000 jobs as a cost-saving measure.
Disney retained 94% of subscribers from its old, ad-free Disney+ service after a $3 per month price increase, pushing the subscription to $10.99 per month.