According to Deadline, Disney began their third round of planned layoffs yesterday. Disney recently began their previous layoffs in late March.
The third round of layoffs is expected to affect more than 2,500 people across the entire company. The Parks and Resorts divisions are likely to remain untouched, however it is unclear as to where the main division cut will be.
In the second round of layoffs, the television division was the main one affected. Bob Iger, Disney’s CEO confirmed in March that this third round of layoffs is expected to be the last. However, there could still be small job cuts in the future.
The third round of layoffs is primarily due to the writers’ strike. Which has halted the film and TV development industry. For TV and film development to get back on its feet again, content will be a major factor as far as profits go.
R&I – TP
Scut FarKus
Article URL : https://www.movieguide.org/news-articles/iger-announces-third-round-of-layoffs-for-walt-disney-co-employees.html