Disney starts the first round of its planned layoffs according to reports. The layoff is set to let go of 7,000 employees and notices according to Deadline are being sent out this very week.
Disney Starts the First Round of Its Planned Layoffs According To Reports
Disney will start the first of three rounds of layoffs this new week, according to a Monday report from Deadline.
CEO Bob Iger reportedly sent a memo to Disney employees in regards to the start of layoffs that will reportedly cut approximately 7,000 employees beginning this week, with another set of rounds coming in April and lastly a third round taking place over the summer.
Content of the Memo Sent out to Employees by Disney’s CEO
“In tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world — now, and long into the future,” Iger in the memo wrote, as per Deadline.
It is still unclear as to what areas of the company will be affected by the layoffs. Sources however revealed to Deadline Disney’s parks, the streaming service Hulu and other parts of entertainment such as ESPN could be hit with these new cuts.
Iger Returned To Disney as CEO in November
Iger back in November returned to Disney as CEO following the ousting of Bob Chapek. And in February, he indicated the plans of the firm to reduce its workforce.
Layoffs Continue To Plague Tech Companies in Recent Months
Layoffs have hit tech companies very hard in recent months. Companies such as Microsoft, Meta, and Amazon laid off thousands of employees in 2022 and have also announced more cuts for 2023.
On request for comment on the matter, Disney didn’t immediately.
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