Tag: Disney Layoffs
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The Walt Disney Company Reportedly Completes Layoffs
The Walt Disney Company has reportedly finished its 7,000 layoffs that were part of a cost-cutting strategy that was announced earlier this year. The bulk of the layoffs took place in three waves throughout the last few months, with the second wave being the biggest. The first wave took place in March, the second in…
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Disney’s Third Round of Layoffs Reportedly Begin
Disney began its third round of layoffs on Monday multiple news sources are reporting (including CNN and Deadline). The cuts this time around are expected to impact up to 2,500 jobs. This is expected to be the last significant round of layoffs to hit The Walt Disney Company. The layoffs come after Disney CEO Bob…
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Second Round of Layoffs to Hit The Walt Disney Company This Week
The second round of layoffs are expected to begin this week at Disney. This is the second of three rounds of layoffs for The Walt Disney Company as part of its efforts to cut $5.5 billion. Variety is reporting that starting today, the layoffs for the second round will begin. They should be done by…
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Layoffs Hit ABC News as Disney Cost Cutting Continues
ABC News is the most recent segment of The Walt Disney Company to be hit with layoffs as Disney reduces staffing by 7,000 as part of an effort to cut $5.5 billion in costs. Variety is reporting that the corporate team for ABC News is being downsized. With the cuts, several executives are departing the…
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Marvel Entertainment Chairman Isaac Perlmutter Laid Off by Disney
Earlier this week, Disney CEO Bob Iger sent an email out to employees saying that the layoff process had begun at The Walt Disney Company. This process would be done in three phases, with the first one happening this week. Names are now starting to trickle out about who is being laid off at The…