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Disney announced they’ll cut 7,000 jobs as part of a significant transformation

Getty Images
Getty Images

Disney announced they’ll cut 7,000 jobs as part of a significant transformation. The job reductions are part of a targeted $5.5 billion cost savings across the company.

Disney employs around 220,000 people, that includes 166,000 employees in the U.S. and about 54,000 internationally.