Disney to begin 7,000 job layoffs this week

Disney to begin 7,000 job layoffs this week The company is targetting US$5.5 billion in cost savings, including US$3 billion in content savings, according to Disney theSun theSundaily unemployment layoff employees Disney cost savings WorldNews

: US entertainment giant the Walt Disney Company will begin layoff notices this week for more than 7,000 staffers, reported Xinhua quoting Variety, a top Hollywood trade publication, on Monday.

Iger said Disney has made a “difficult decision” to reduce its overall workforce as “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective, coordinated and streamlined approach to our business”.

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