ALBAWABA — Walt Disney Co. announced on Wednesday that it was laying off 7,000 employees as part of a restructuring and $5.5-billion-cost-savings plan. The layoffs represent 3.18 percent of Disney's total global headcount of about 220,000 worldwide as of Oct. 1, 2022, according to Macrotrends, a 15.79 percent increase from 2021. The company plans to reduce $3 billion from its movies and TV shows budget and $2.5 billion from non-content ...