Is 7,000 enough of a number to call them layoffs? Or are these lost jobs still just "staffing reductions" instead of layoffs?
7,000 of them. At least that's gonna make the line at the Burbank Starbucks shorter! And make it easier to find a parking space!
"Bob Iger, in his first earnings call since returning to the company, announced Walt Disney Co. will shed 7,000 jobs as part of a broader effort to save $5.5 billion in costs."
The earnings report came as Walt Disney Co. faces a challenge from an outsider, billionaire investor Nelson Peltz, who is seeking election to join the board.
www.latimes.com