Disney to slash $5.5 billion in costs as it unveils vast restructuring

https://www.cnbc.com/2023/02/08/disney-reorganization.html

“On Wednesday, during its quarterly earnings call with investors, Disney also announced it would be cutting $5.5 billion in costs, which will be made up of $3 billion from content, excluding sports, and the remaining $2.5 billion from non-content cuts. Disney executives said about $1 billion in cost cutting was already underway since last quarter.”