Managers will soon start to notify affected employees, with layoffs set to occur in three consecutive waves. 9News
The cuts to Disney's global workforce are part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company's operations in a period of media industry turmoil.Accenture slashes 19,000 jobs worldwideDisney Executive Chairman Bob Iger attends the Exclusive 100-Minute Sneak Peek of Peter Jackson's The Beatles: Get Back at El Capitan Theatre on November 18, 2021 in Hollywood, California.
A third round of layoffs will then occur "before the beginning of the summer" to reach the company's planned goal of eliminating 7000 jobs. "The difficult reality of many colleagues and friends leaving Disney is not something we take lightly," Iger said in the memo. "In tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world - now, and long into the future."
Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States.The layoffs follow Iger's return to Disney in November after the company's board fired Bob Chapek as its leader.
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