Published 1 year ago

Disney layoffs will begin this week, CEO Bob Iger says in memo

Summary by Ground News

Disney will begin layoffs this week, the first of three rounds before the beginning of the summer that result in about 7,000 job cuts, according to a memo sent by Chief Executive Bob Iger.

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Times of India

Walt Disney Co begins 7,000 layoffs

Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. ESPN is not touched by this week's round of cuts, but is anticipated to be included in later rounds.

1 year ago·India

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The Hindu

Walt Disney Co. begins 7,000 layoffs

The job cuts at Walt Disney are part of an effort to save $5.5 billion in costs and make the money-losing streaming business of Disney profitable.

1 year ago·India

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Reuters

Walt Disney Co begins 7,000 layoffs

1 year ago·United Kingdom

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NDTV

Disney Begins Laying Off 7,000 Employees To "Streamline" Business

Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. ESPN is not touched by this week'…

1 year ago·New Delhi, India

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USA Today

The Walt Disney Co. will reportedly begin layoffs this week

The Walt Disney Co. will begin notifying employees impacted by layoffs, CEO Bob Iger said in a memo on Monday.

1 year ago·United States

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CNN

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

Disney CEO Bob Iger on Monday 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.

1 year ago·Atlanta, United States

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