Disney is laying off 7,000 workers and restructuring to reduce costs in a major shakeup following the return of CEO Bob Iger
Shares of Disney rose as much as 3.8% to $116 in extended trading after the results were announced.
Tomas Kauer - Moderator 
Shares of Disney rose as much as 3.8% to $116 in extended trading after the results were announced.
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