About 4000 people are affected! It is revealed that Disney will start the second round of layoffs
About 4000 people are affected! It is revealed that Disney will start the second round of layoffs
2023-04-25
Recently, people familiar with the matter said that Disney will start a second round of layoffs, which will affect about 4,000 people.
In February, Disney announced it would cut 7,000 jobs to help the company save $5.5 billion in costs. The layoffs will be carried out in three rounds, the first round of which started at the end of last month. The second round will be held in April and will involve more people than the first round.
The third round of layoffs is expected to be completed in late spring and early summer. Disney will start a second round of layoffs today as planned, with "thousands" of layoffs starting Monday through Thursday, the people familiar with the matter said. With the latest round of layoffs, the company will cut 4,000 jobs, according to Disney officials.
The layoffs will involve almost all business units, including Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (Disney Parks, Experiences and Products), but the theme park resort (Parks and resorts) Frontline hourly workers will not be affected.
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