Disney Layoffs: Phase 1 of 7,000 Job Elimination Begins This Week

Following the announcement made last February, Disney confirmed that first round starts layoffs massively around the world.

The goal, according to the company, is to reduce 7000 jobsaccording to its CEO Bob Iger, who confirmed that the layoffs at Disney began on Monday.

This is the first of three planned rounds through which Disney is also looking to deliver on the global strategy. cut costsBefore adjustments that its executive management deemed necessary for the future.

“During difficult times, we must always do what is necessary to ensure that Disney can continue to offer exceptional entertainment to viewers and guests around the world now and into the future,” said the Disney CEO.

Million Dollar Cost Reduction Initiative, Disney seeks to optimize its activities in the midst of an escalating global adjustment in the media and in tech companies.

Dismissed employees will be notified

According to an internal memo received CNNDisney is in its first round of layoffs and it will be the turn of affected area managers to issue notices.

According to Iger, employees who are about to lose their jobs They will start receiving notifications this weekaccording to internal document.

However, this first round is not expected to be the one that will affect Disney workers the most, as it will only happen in the second round when the massive layoffs are made.

In line with the layoff schedule, Disney plans to hold second round of cuts since April “thousands of employees” are expected to be made redundant.

Meanwhile, there is still no specific date for the third round of layoffs; however, according to Disney internal documents, this will be completed before the start of summer.

By the end of three rounds of layoffs, Disney will cut 7,000 jobs worldwide.

According to the latest known data, Disney had a workforce of 220,000 workers around the world, until October 1 last year.

Planned cuts indicate the company will shed 3% of that global workforce.