Disney’s latest and biggest round of layoffs has begun

Advertisements
Disney Plus logo on a black and red background.
Illustration: Alex Castro / The Verge

“Thousands” more of Disney’s employees are being fired this week in the second of three rounds of company-wide layoffs meant to help get the entertainment giant back on solid financial footing.

Following CEO Bob Iger’s announcement back in March that Disney was seeking to lay off some 7,000 of its employees, Reuters reports that the second round of firings began today and is projected to continue through Thursday before picking up again later this year. While the frontline hourly workers at Disney’s parks and resorts aren’t expected to be affected by the layoffs, cuts are being made across a number of the company’s corporate arms, like ESPN, Disney Entertainment, the products division, and Disney Parks’ corporate leadership.

“The senior…

Continue reading…

      



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.

Discover more from Maheri Network

Subscribe now to keep reading and get access to the full archive.

Continue reading

Exit mobile version