More layoffs are incoming for The Walt Disney Company after CEO Bob Iger announced that around 7000 employees will lose their jobs starting this week. These layoffs were first announced back in February 2023, and will affect 3 percent of the company.
CNN reported that Disney’s global workforce will face job cuts as part of the company’s cost-cutting initiative in the hopes of streamlining the company’s operations. Iger released an internal memo to staff members, stating that this is a “difficult reality” that the company will face and that it has to do what’s required so “Disney can continue delivering exceptional entertainment to audiences.”
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