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Disney Laying Off 7,000 -- but Leaves Staff Hanging In Iger's First Big Move Back in CEO Role

TheMotleyFool

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Disney Laying Off 7,000 -- but Leaves Staff Hanging In Iger's First Big Move Back in CEO Role: https://g.foolcdn.com/editorial/images/726280/disney-layoffs.png

Disney (NYSE: DIS) announced on Monday that it was letting 7,000 people go, but that the layoffs will be rolled out over the course of over a month. This is Iger's biggest move back as CEO and may help the company chart the path forward, but it's hard to argue that this is the best way to keep a massive media giant in a leadership position. Travis Hoium digs into the announcement in this video.

*Stock prices used were end-of-day prices of March 27, 2023. The video was published on March 28, 2023.

Source Fool.com

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