Disney will slash 7,000 jobs in three rounds of layoffs, starting this week. Chief Executive Bob Iger says cuts will finish before summer.
for “self-inflicted” wounds, including poor succession planning and the costly acquisition of 21st Century Fox.Here’s Iger’s full memo:
This week, we begin notifying employees whose positions are impacted by the company’s workforce reductions. Leaders will be communicating the news directly to the first group of impacted employees over the next four days. A second, larger round of notifications will happen in April with several thousand more staff reductions, and we expect to commence the final round of notifications before the beginning of the summer to reach our 7,000-job target.
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's Bob Iger Still Plans to Spend $30 Billion on Content While Laying Off 7,000 PeopleIn the face of an unprecedented profitability crisis and the repeated failure of its woke content, Walt Disney Co. executives seem to have settled on a solution: double down on the woke and fire rank-and-file employees.
Read more »
850-piece Disney auction in Beverly Hills lets super fans take home special piece of the parksMore than 850 pieces of Disneyland artifacts are up for auction at Heritage Auctions in Beverly Hills, including signs from Disney parks, statues from Disney stores, and décor from Disney hotels.
Read more »
Dusty May, student of Bob Knight, has FAU on cusp of the Final Four“All I ever wanted to do was be a high school basketball coach in Indiana,” May said. The Owls will play in the Elite Eight on Saturday.
Read more »
Complete NHRA Arizona Qualifying, Sunday Pairings: Bob Tasca, Alexis DeJoria Lead in Funny CarDoug Kalitta earns 52nd career No. 1 qualifying spot in Top Fuel.
Read more »
Bob's Burgers Season 13 Eps.16 & 17 Review: Pranks & Counting CrowsICYMI: Counting crows, landlord pranking, running from park rangers & much more went down in the recent FOXTV's BobsBurgers double-header: Review / FOXTV animationdomination
Read more »
What Has Bob Metcalfe Done To Remake Computing?The vision of networked computers led the reimagining of modern computing and to the restructuring of the business of modern computing.
Read more »