Disney to Lay Off 7,000 People Amid Massive Subscriber and Revenue Losses

Even the House of Mouse isn’t immune to the challenging economic climate. When Disney reported a quarterly loss of $ 1.5 billion in direct-to-consumer revenue last November, weeks later the board tapped former CEO Bob Iger to return to the company, ousting his successor Bob Chapek. In an earnings call Wednesday evening, Iger’s first earnings call…
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