Tag: Layoffs
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ABC News Cuts 75 Jobs Amid Ongoing Disney Restructuring
75 jobs have been cut from ABC News as Disney continues to restructure.
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300 More Corporate Jobs Cut at Disney
300 more jobs were cut at the corporate level of Disney this week.
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140 Employees Laid Off at Disney Entertainment Television
Disney Entertainment Television has laid off 140 employees as Disney continues to cut costs.
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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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Disney CEO Bob Iger Emails Employees As Layoffs Begin
Disney CEO Bob Iger has sent an email out to employees today sharing that layoffs will be starting this week. This comes as the company is undergoing substantial cost cutting across the board, including the reduction of 7,000 jobs. Disney is looking to save $5.5 billion. In the email Iger shared that this week Disney…
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Josh D’Amaro Sends Email About Upcoming Layoffs And Says They Won’t Impact Frontline Cast Members
Disney Parks, Experiences and Products Chairman Josh D’Amaro sent an email out to cast members after Bob Iger announced that The Walt Disney Company will be laying off 7,000 of its employees. This comes as Disney is looking to cut costs across its three main new segments that were also announced yesterday. D’Amaro sent an…
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4,000 Cast Members to Be Let Go By Disney in First Half of 2021
Disney has disclosed in a filing that it intends to lay off another 4,000 cast members in the first half of 2021. The news came from a 10-K filing that disclosed that it would be laying off 32,000 cast members in total, up from the 28,000 initially disclosed in September. All of these layoffs are…
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Senator Elizabeth Warren and Disney Spar Over Executive Pay and Layoffs
Senator Elizabeth Warren has slammed Disney over its recent layoffs. In an open letter to the company, Warren criticized the decision to layoff cast members while also having executive pay restored shortly before the layoffs. She also strongly criticized other business decisions made by the company. “In the years leading up to this crisis, your…
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How to Support Cast Members Laid Off This Week by Disney
This has been a very rough week for the Cast Members who make magic for The Walt Disney Company. Earlier this week it was announced that 28,000 of them would be laid off from Disney Parks, Experiences and Products. As the week progressed, the layoffs began. With these layoffs now a reality, thousands of Cast…
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Parks, Productions, and Pink Slips – GEEKS CORNER – Episode 1052 (#523)
Welcome to another episode of GEEKS CORNER! This week, there is a lot of different stories to cover throughout the course of the show. This includes Disney laying off 28,000 cast members as California legislators urge the governor to reopen theme parks. Over at Tokyo Disneyland, the largest land expansion opened for the Tokyo Disney…
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Letter From Josh D’Amaro, Chairman, Disney Parks, Experience and Products to Disney Employees
LETTER TO EMPLOYEES FROM JOSH D’AMARO, CHAIRMAN, DISNEY PARKS, EXPERIENCES AND PRODUCTS (DPEP) September 29, 2020 Team, I write this note to you today to share some difficult decisions that we have had to make regarding our Disney Parks, Experiences, and Products organization. Let me start with my belief that the heart and soul of our business…
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Disney Parks Reducing Workforce by 28,000
Update from Disney Parks, Experiences and Products STATEMENT FROM JOSH D’AMARO, CHAIRMAN, DISNEY PARKS, EXPERIENCES AND PRODUCTS (DPEP) In light of the prolonged impact of COVID-19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic – exacerbated in California by the State’s unwillingness to lift…