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.

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.