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Disney is to let go of 7,000 employees in a “major shake-up” of the entertainment giant.
The job cuts amount to around 3.6% of Disney’s workforce around the world, and are part of a plan to save $5.5bn (£4.5bn) and make its Disney+ streaming service profitable.
Disney chief executive Bob Iger said he did “not make this decision lightly”.
Iger, who returned to Disney in November,…..(read more)