Last night $Walt Disney(DIS)$ announced its latest financial results, in which the company announced a major restructuring and plans to cut 7,000 jobs in order to achieve cost savings of about $5.5 billion. The new structure will be divided into three core divisions: Entertainment, Parks, and ESPN, and the company also plans to cut $2.5 billion in costs in its non-content businesses. It's worth noting that the restructuring is designed to help the company better achieve profitability in its streaming business, and the company has reaffirmed its commitment to achieve that goal by 2024. The company said it will no longer provide long-term subscriber forecasts in its earnings report. News of the restructuring and layoffs had a positive impact on Disney's stock price, which rose 8.1% after hours, indicating that the market is confident in the company's future prospects. Finally, I think Disney's restructuring shows that the company is trying to transform itself to adapt to changes in the market. Layoffs and cost reductions may have an impact on employees, but if the company can achieve its goals, it will be a move that will benefit the company going forward. The market reaction to this restructuring shows that the company is making the right decision. @Daily_Discussion @MillionaireTiger @TigerStars @CaptainTiger @MaverickTiger
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