“I have enormous respect and appreciation for the talent and dedication of our employees worldwide.
And I’m mindful of the personal impact of these changes.”
The layoffs represent about 3.2% of Disney’s roughly 220,000 employees as of Oct. 1.
Disney’s job cuts are part of a $5.5 billion cost-saving plan, Iger said.
Shares were up 5.7% at $118.18 in recent after-hours trading.
