Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the media giant's previously announced plan to slash its workforce by 7,000 employees.
Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the media giant’s previously announced plan to slash its workforce by 7,000 employees. The latest round of job cuts will impact ESPN, Disney’s entertainment division, Disney Parks, and its Experiences and Product division as part of a larger workforce reduction plan announced in February by chief executive Bob Iger in an aim to save $5.5 billion in costs, the company said.
The latest round of layoffs comes after an initial wave last month, and will bring the total number of jobs lost across the company to 4,000, it said. The layoffs, however, are not expected to affect hourly frontline employees at Disney’s theme parks and resorts. A third and final wave of layoffs to reach the 7,000 total is expected before the beginning of summer, the company said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney to Cut Employees From ESPN, Parks in Second Round of LayoffsDisney is beginning its second round of layoffs as part of the company’s previously announced plan to cut 7,000 jobs, with employees this round being let go from divisions including ESPN
Read more »
Disney suspends ‘Fantasmic’ fire effects at parks worldwide after Disneyland infernoDisney is temporarily suspending fire effects similar to those used at Disneyland’s ‘Fantasmic’ at its theme parks worldwide out of an abundance of caution.
Read more »
Disney suspends ‘Fantasmic’ fire effects at parks worldwide after Disneyland infernoDisneyland crews assembled fences and scrims around the damage on Sunday morning to cover the charred skeleton of the ‘Fantasmic’ dragon.
Read more »
Disney Parks employee allegedly took videos videos up park guests' dresses and skirtsA former Disney World theme park employee was arrested and charged in Florida after allegedly recording a video up the skirt of a park guest late last month
Read more »
It was a bad weekend for Disney parksFrom a Maleficent malfunction to a serial upskirt videographer in the Star Wars gift shop, Disney fielded some bad press this weekend
Read more »
Second Wave of Disney Layoffs Coming This WeekRestructuring will continue 'for the next couple of months,' Disney Entertainment chiefs Dana Walden and Alan Bergman wrote to staff Monday, with Disney Entertainment, ESPN and Parks to be impacted this week.
Read more »