Disney to Cut 7k Jobs as DeSantis Asserts Control Over Reedy Creek

Disney to Cut 7k Jobs as DeSantis Asserts Control Over Reedy Creek

Disney CEO Bob Iger recently announed cuts to the tune of 7,000 jobs.

“This reorganization will result in a more cost-effective, coordinated, and streamlined approach to our operations,” Iger said during the company’s earnings call Wednesday, Feb. 8. “I do not make this decision lightly.”

The layoffs are part of a plan to cut $5.5 billion in costs just as Governor Ron DeSantis asserts control over the theme park giant's autonomy in the Reedy Creek District. The majority — $3 billion — of the cuts will come from the content devision (excluding sports).