The Walt Disney Company CEO Bob Iger & his team laid out a plan involving restructuring, layoffs & budget cuts as it seeks $5.5B in savings. / TWDC BobIger Disney ESPN DisneyPlus
\nNo matter how you view today's earnings call, CEO Bob Iger made one thing very clear. Change is not just on the way for The Walt Disney Company; it's beginning now. And that means, in what sounds very similar to what Warner Bros. Discovery and others have undergone, a combination of major corporate restructuring, layoffs, and budget cuts.
\n'Our new structure is aimed at returning greater authority to our creative leaders and making them accountable for how their content performs financially,' Iger said while rolling out the new corporate outline. 'Our former structure severed that link and must be restored. Moving forward, our creative teams will determine what content we're making, how it is distributed and monetized, and how it gets marketed.
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