It sounds like Disney has taken a lesson from Marie Kondo, and applied it to cost cutting, because The Mouse seems to be on a roll of cost-cutting. They had originally planned to cut around $5.5 billion, but things were going so well (I mean, not for those who are losing their jobs, but you know) that they’re not upping that number by $2 billion to a target of $7.5 billion.
This is all in the name of streamlining profits for the most capitalist of companies. Old Walt himself would be proud!
Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit