Thursday, June 1, 2023

Disney finalizes a new round of mass layoffs

US entertainment giant The Walt Disney Company plans a new round of massive job cuts for next week, cutting thousands of jobs, including about 15% of staff in its entertainment division, people familiar with Bloomberg have told Bloomberg. with the matter, noting that some affected workers will be notified as of April 24.

The cuts will cover television, movies, theme parks as well as corporate positions, and will affect all regions where Disney operates, said the sources, who asked not to be named because the details are not public.

Last February, Disney announced a workforce adjustment that affected some 7,000 positions in its workforce, which exceeds 220,000 people, as part of a general strategy to cut its annual costs by US$5.5 billion (€5,018 million).


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