Disney’s first of three rounds of layoffs will start this week

March 27, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Illustration: Alex Castro / The Verge

Disney’s planned job cuts that will eliminate 7,000 jobs are about to begin, as the first of three rounds of layoffs will start this week, CEO Bob Iger said in a memo to employees obtained by CNBC.

Staff affected by this first round will hear from leaders “over the next four days,” according to Iger. The second round of cuts, which is set to encompass “several thousands” of people, will happen sometime in April. The third round will happen “before the beginning of the summer.”

Iger first revealed in February that the company was planning the cuts, meaning that employees have been waiting for weeks to know if they’ll still have a job at Disney. And given that rumors of potential layoffs surfaced soon after Iger came back as CEO in…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Disney’s first of three rounds of layoffs will start this week

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