After Iger announces new job cuts this Disney executive leaves the Walt Disney Company

After yesterday’s announcements, one of the Walt Disney Company’s executives announces they are leaving the company.

Bob Iger Returns as CEO

Bob Iger returned as Disney CEO back in November 2022. Many were hopeful that many issues would be addressed with the return of Bob Iger. Yesterday, Iger held his first First Quarter Earnings Call since his return.

During this call, many big announcements were made including a new Avatar experience and also three great sequels coming. He also shared more details about returning to CEO HERE.

Job Reductions

During yesterday’s earnings call, Bob Iger shared that the Walt Disney Company will look to streamline the company during the First Quarter. Iger also announced that the Walt Disney Company will be cutting $5.5 billion in costs.

In order to meet this need to cut costs, huge job reductions will be coming. Bob Iger shared that they will reduce their workforce by 7,000 jobs. Iger shares, “While it is necessary to address the challenges we are facing today, I do not make this decision lightly.”

In addition to cutting jobs, the Walt Disney Company announced a restructuring of the organization into 3 core business segments: Disney entertainment, ESPN and Disney parks, experiences and products.

Changes in Leadership

Last month, we announced that the Walt Disney Company Board of Directors elected independent director Mark G. Parker as Chairman of the Board, effective following the Annual Meeting of Shareholders.

Today, February 9, another Walt Disney World Company executive is leaving the company. Chairman of International Content and Operations Rebecca Campbell announced she is leaving. She stated that she will stay through June to help with the transition of hiring someone new for her position.

Chairman of International Content and Operations Rebecca Campbell announced she is leaving the Walt Disney Company.

What do you think of this change? Are you more or less excited about Disney’s future with these changes? Please let us know in the comments below and share this post with a friend.