LOS ANGELES — Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated boss Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable. The layoffs represent an estimated 3.6% of Disney’s global workforce. Shares of Disney rose 8% to $120.77 … Continue reading Disney to lay off 7,000 workers in major revamp by CEO Iger