Disney’s newest and largest spherical of layoffs has begun

Following CEO Bob Iger’s announcement again in March that Disney was searching for to put off some 7,000 of its staff, Reuters reviews that the second spherical of firings started right this moment and is projected to proceed via Thursday earlier than choosing up once more later this 12 months. Whereas the frontline hourly staff at Disney’s parks and resorts aren’t anticipated to be affected by the layoffs, cuts are being made throughout a variety of the corporate’s company arms, like ESPN, Disney Leisure, the merchandise division, and Disney Parks’ company management.

“The senior management groups have been working diligently to outline our future group, and our largest precedence has been getting this proper, moderately than getting it carried out quick,” Disney Leisure co-chairs Alan Bergman and Dana Walden mentioned in an inside employees memo. “We acknowledge that it has been a interval of uncertainty and thanks all to your understanding and endurance.”