Disney to cut 7,000 jobs worldwide in effort to save $5.5bn in costs

Layoffs represent an estimated 3.6% of Disney’s global workforce and follows major job cuts at other top US companies

Disney on Wednesday announced a sweeping corporate restructuring that will result in 7,000 people losing their jobs as part of an effort to achieve $5.5bn in cost savings.

The layoffs represent an estimated 3.6% of Disney’s global workforce, and come after major job cuts at other US giants including Alphabet, Amazon, Ford, Meta and others.