The Walt Disney Co. will start cutting about 3% of its global workforce this week as part of a 'strategic realignment' of the company.Disney announced the layoffs in February as par...
The Walt Disney Co. will start cutting about 3% of its global workforce this week as part of a"strategic realignment" of the company.
Disney announced the layoffs in February as part of a targeted $5.5 billion cost-cutting initiative. Disney CEO Bob Iger sent an internal memo this week to employees, saying the company plans to slash about 7,000 jobs over the next few months. "This week, we begin notifying employees whose positions are impacted by the company’s workforce reductions," Iger said."Leaders will be communicating the news directly to the first group of impacted employees over the next four days. A second, larger round of notifications will happen in April with several thousand more staff reductions, and we expect to commence the final round of notifications before the beginning of the summer to reach our 7,000-job target.
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