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

Walt Disney Co Begins 7,000 Layoffs

LOS ANGELES, March 27 (Reuters) – Walt Disney Co DIS.N 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.

Bob Iger reveals Disney’s first wave of 7,000 employee layoffs to begin this week

Bob Iger arrives at the 95th Academy Awards Nominees Luncheon on Monday, Feb. 13, 2023, at the Beverly Hilton Hotel in Beverly Hills, Calif. Disney announces first wave of the total 7,000 employee layoffs is coming this week.Jordan Strauss, Invision via Associated Press Disney CEO Bob Iger announced that the company is set to begin the first of three rounds of employee layoffs this week.The corporation will lay off a total of 7,000 employees by…

7,000 Disney layoffs begin, company shutters Metaverse division

The Walt Disney Company has begun laying off 7,000 employees, a move that was announced earlier this year.

Disney begins a round of layoffs

A crowd gathers in front of the Cinderella Castle at Walt Disney World's Magic Kingdom in Orlando in February 2020. Disney Chairman and former CEO Bob Iger told Barron's that in order for things to return to

Walt Disney begins the process of firing about 7,000 workers

Em consequência dos despedimentos e da reestruturação, a Disney anunciou também que encerrou as operações na divisão que estava a desenvolver a sua estratégia para o metaverso.

Disney is expected to begin first rounds of layoffs this week

All of this comes as Disney workers are set to vote on a new contract agreement this week to raise the minimum wage.