More than 2,500 staff are expected to lose their jobs across the latest wave of layoffs, the source said, in what is anticipated to be the last significant round of cuts that were previously announced by Disney CEO Bob Iger. It was not immediately known which divisions would be impacted by the latest round of cuts. A Disney\n \n spokesperson declined to comment.
In February, Iger announced the media giant would axe roughly 7,000 employees from its global workforce in three waves before the start of summer, an undertaking aimed at saving $5.5 billion in costs. The labor cuts make up 30% of this figure, with another 50% coming from marketing operations and 20% from decreased spending on technology, procurement, and other expenses, the company said.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »