Wednesday, December 6, 2023

Disney continues with the layoffs of 7,000 employees, as announced

The company walt disney has confirmed today that it is continuing with its plan of staggered layoffs of 7,000 employees, about 3% of its workforce, as part of a plan to reduce US$5.5 billion (5.095 million euros) in costs that it announced last February.

At the end of March, the chief executive of the company, Bob Iger, assured in a message to his employees the effective start of the layoffs.

Today, in some statements collected by specialized media, the top executive of Walt Disney assured that this Monday the second round of layoffs will begin, which once it is concluded will have left a total of 4,000 workers out of the company.

He executive had already announced that in April the layoffs would be notified to a second group of workers and that at the beginning of summer The latest contract terminations will be communicated to those affected.

“We made the difficult decision to reduce our global workforce in approximately 7,000 jobs as part of a strategic realignment of the company, which includes significant measures of saving necessary to create a more efficient, coordinated and streamlined approach to our business,” Iger said then.

Disney announced the layoffs in February to coincide with its quarterly resultsin which it reported a loss of 2.4 million subscribers to its Disney+ streaming service.

After the announcement of the first round of cuts, it was learned that one of the affected departments was metaverso, which had 50 workers and was dismantled, as reported at the time. The Wall Street Journal.


Please enter your comment!
Please enter your name here

Latest article