San Francisco, April 24: Entertainment giant Disney began its second round of layoffs on Monday, affecting 4,000 workers. Disney plans to cut its workforce by 7,000 jobs as part of a major reorganization that will see the company cut $5.5 billion in costs.
In a note to the employees, the company said that some changes are necessary for the future of the company.
The second round of cuts will affect Disney Entertainment and ESPN, as well as Disney Parks and Experiences. Disney has intensified the process of job cuts in America. Company head ESPN CEO Jimmy Pitaro said in a letter to employees that such a move is necessary for efficient and agile operations.
In February, entertainment giant Disney Channel announced it would lay off 7,000 employees as part of cost-cutting efforts.
