Disney , to Eliminate , Thousands of Jobs .<br />Next week, Walt Disney Co. <br />plans to cut thousands of jobs, <br />impacting about 15% of its workforce. .<br />'Bloomberg' reports that sources familiar with <br />the plan say that the cuts will span Disney's <br />TV, film, theme park and corporate teams.<br />'Bloomberg' reports that sources familiar with <br />the plan say that the cuts will span Disney's <br />TV, film, theme park and corporate teams.<br />According to the unnamed sources, affected<br />employees will be notified as soon as April 24.<br />'Bloomberg' reports that amid a broader decline <br />in stocks, shares in Disney were down 0.6% <br />at $100.35 in pre-market trading on April 18.<br />In February, the company announced plans to <br />eliminate 7,000 of its over 220,000 employees.<br />According to Disney, the cuts are part <br />of the company's overall strategy to <br />reduce annual costs by $5.5 billion.<br />According to Disney, the cuts are part <br />of the company's overall strategy to <br />reduce annual costs by $5.5 billion.<br />In November, former Disney CEO Bob Iger returned to <br />helm the company after a $1.47 billion quarterly loss <br />led to the ousting of his successor, Bob Chapek. .<br />In November, former Disney CEO Bob Iger returned to <br />helm the company after a $1.47 billion quarterly loss <br />led to the ousting of his successor, Bob Chapek. .<br />Part of Disney CEO Bob Iger's return <br />has included restructuring and restoring <br />authority to creative executives.<br />Iger has also elevated key lieutenants, including the <br />co-chairman of Disney Entertainment, Dana Walden.<br />Iger has also elevated key lieutenants, including the <br />co-chairman of Disney Entertainment, Dana Walden.<br />'Bloomberg' reports that Disney has looked to cut its <br />commitment to general entertainment while it <br />focuses on franchises and recognized brands.<br />'Bloomberg' reports that Disney has looked to cut its <br />commitment to general entertainment while it <br />focuses on franchises and recognized brands
