On his first day back as CEO at Walt Disney (NYSE:DIS), Robert A. Iger disclosed plans to shake up the Media and Entertainment Distribution unit to make it more efficient and improve the cost structure. Interestingly, Iger’s restructuring plans involved the departure of the company’s head of media and entertainment, Kareem Daniel. Further, the company may have some layoffs in the pipeline as Iger plans to rationalize costs for Disney’s loss-making unit. The newly appointed CEO has assigned some of the top executives, including Dana Walden, chairman of Disney General Entertainment Content, and CFO Christine McCarthy, the task of making restructuring plans.
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