Disney to start second round of layoffs; 4,000 employees to be impacted

A third round is expected to start before the beginning of the summer

April 25, 2023

Thousands of Disney employees to be laid off in the second round of job cuts

Disney, the entertainment giant has kicked off its second round of layoffs affecting 4,000 employees. A third round is expected to start before the beginning of the summer.

The second round of cuts will affect Disney Entertainment, ESPN, Disney Parks, Experiences, and Products. CNBC reported that the jobs affected would span across the country from Burbank, California, to New York and Connecticut.

Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.

“The senior leadership teams have been working diligently to define our future organization, and our biggest priority has been getting this right, rather than getting it done fast,” the company said in a note to employees.

“As we advance as a core segment of Disney, with operational control and financial responsibility, we must further identify ways to be efficient and nimble,” ESPN CEO Jimmy Pitaro said in a note to employees.

“This is a time of transition for Disney, and these changes affect everyone, whether or not your role is impacted. We are committed to supporting you through this period and encourage you to reach out to your leader or HR partner with any questions or for guidance, as needed,” said the company.

In February, the entertainment giant announced to lay off 7,000 employees to cut costs. “I do not make this decision lightly. I have enormous respect and appreciation for the talent and dedication of our employees worldwide and I am mindful of the personal impact of these changes,” said its CEO Bob Iger.

[With Inputs from IANS]

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