Disney begins job cuts with goal of eliminating 7,000 positions

Walt Disney Co. has begun the first of what is expected to be 7,000 job cuts, a key part of a $5.5 billion savings drive the company announced in February. The first group of employees will be notified over the next four days, chief executive officer Bob Iger said in a memo to staff on Monday.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.