The company’s job cuts will affect Disney Media and Broadcasting, as well as ESPN, Parks and Resorts, CNBC reported.
“Beginning this week, notice will be given to all employees affected by the company’s workforce reduction decision,” Iger said in a memo.
Accenture job cuts scare IT employees: Coke cuts 19,000 staff
“Thousands of candidates will be given layoff notices in April. The target is to give layoff notices to 7,000 employees by early summer,” said the CEO.
Last February, Disney CEO announced 7,000 job cuts to restructure the company and save billions of dollars. This announcement is now being hastily implemented.
“For those who are not affected by the job cuts this time, what I want to say is that without any doubt, they will face a huge challenge and will have to work hard for the company’s success. At this time, they will have to constantly understand the company’s goals and work,” the CEO instructed in his memo.
Disney expects $3 billion in savings over the next few years.
Dell lays off 6650 employees: Pink slip for Indian employees too
Not only Disney but also Warner Bros., Discovery and other media companies have already made several rounds of job cuts. We took a tough decision only recently. Iger said that company organizational restructuring and company income are both expected through this.
In the last two months, many IT companies, e-commerce companies have laid off 1 lakh jobs, including Indian employees. Accenture recently announced its decision to cut 19,000 jobs. Amazon is reportedly planning to give pink slips to 9,000 employees in its second round of layoffs. Another IT service company Dell gave a job cut shock to 6650 employees in the last month of February.
Another shock to employees from Amazon: Massive layoffs in 2nd round
