(ANSA) - NEW YORK, FEBRUARY 08 - Walt Disney aims to reduce its workforce by 7,000, equal to 3% of the total, as part of a restructuring plan aimed at realizing $5.5 billion in savings over the next five years.
This was announced by the managing director Bob Iger, who has recently returned to the helm of the company.
Disney is "embarking on a significant transformation" that will result in "sustained growth and profitability in our streaming businesses, positioning us to navigate global economic challenges and deliver results for shareholders," the company says.
Wall Street likes the plan, where stocks rise up to 9% in after-hours trading.
The race is also linked to a quarterly above expectations, with profit and revenues on the rise.
Revenues rose by 8% to 23.5 billion, while profit increased to 1.28 billion.
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