BREAKING NEWS – Burbank, California – Disney’s Bob Iger is planning to lay off 7,000 employees in a ‘significant transformation’ to cut back costs as he eliminates some of his predecessor’s efforts.
Iger announced his plans to restructure the company, effectively eliminating the Disney Media and Entertainment Distribution group set up under former CEO Bob Chapek.
The new structure, according to the Hollywood Reporter, will have only three divisions, Disney Entertainment — which will include film and TV assets as well as Disney+; ESPN — which will include ESPN and ESPN+; and Parks, Experiences and Products — which will include theme parks and the consumer products team.
Iger also announced that he is cancelling Chapek’s plans for creating a full length anaimated film where Mickey and Minnie Mouse comes out as transgenders, and Goofy sues Donald Duck for getting him drunk and then having him neutered.