Disney begins laying off 7,000 employees, CEO Bob Iger announces | CNN Business

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Disney CEO Bob Iger said his company will begin laying off staff starting this week, the first of three rounds of expected cuts following his announcement in February that the company would axe 7,000 jobs.

The cuts to Disney’s global workforce are part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. In a memo to staff obtained by CNN, Iger said the layoffs would come in three waves. The first round will begin this week, and managers will soon start to notify affected employees. A second, larger round of layoffs will take place in April, Iger said, with several thousand staffers let go.

“The difficult reality of many colleagues and friends leaving Disney is not something we take lightly,” Iger said in the memo. “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.” Disney\n \n had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States.

 

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Get woke go broke

we are building here in EU social companies for poor without jobs, they can eg cut the wood for villagers to buy or sweep streets in villages to earn a living, before 89' we had so called lokálne komunálne služby as outsourcing co appears to be more expensive nowadays ;)

Yay!!!!

Good

पूर्ण परमात्मा की जानकारी तत्वदर्शी संत बता सकते हैं जो स्वंय पूर्ण परमात्मा ही होता है। देवी भागवत महापुराण में देवी जी यानि दुर्गा जी अपने से अन्य किसी और भगवान की भक्ति करने के लिये कहती हैं। अधिक जानकारी के लिए अवश्य पढ़ें ज्ञान गंगा। durga

Bidenflation+FED hikes+democray stupidity=layoffs. Everywhere.

Go woke. Go broke 🤷

Great work Bob go for it.

Guess the wagebill of the 7000 sacked will cover Iger and his cronies bonus pay and salaries….

Queues about to get longer at the parks...

Anything to do with DeSantis and his culture wars?

+7k people will be jobless just to justify woke.

Why….when they charge thousands and thousands of dollars to go to the park and stay or go on their cruise.. the little ppl lose but the big wigs maintain their comfort!

Go woke, Go broke

🤣🤣🤣🤣🤣🤣🤣🤣🤣

Get woke go broke

I knew this would happen. Iger will make FL pay by cutting jobs as FL biggest employer.

Pervy land

This wouldn't be happening if they made another race swapped movie. Just saying. Also, they should spend a lot of time trying to get involved in the politics of the state that they live in where they have extra privilege. Yeah, that would be smart too.

Go woke, go broke

I used to be a fan of mandalirian. It was fun and playful. Now you’re shoving non binary characters down our throat

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