CNN  —  Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United […]

Disney said Wednesday it is scheduling to reorganize into a few segments, while also chopping 1000’s of jobs and slashing costs. The media and amusement large explained it would now be produced up of three divisions: Disney Entertainment, which contains most of its streaming and media operations An ESPN division […]