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NEW YORK Disney reported weak quarterly earnings late Tuesday, and CEO Bob Iger said “very significant” cost-cutting is in store for the company, which already has slashed hundreds of jobs.
Calling such money-saving measures a work in progress, Iger was purposely vague. “We’re being very aggressive; we’re very responsible,” he told analysts during a conference call. “Maybe in due course we’ll be a little more specific about the number.”
Later, Iger said that “clearly there have been, and will be, reduction of personnel” but that cost-cutting “does not just involve eliminating jobs.”
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