Posted BY: | NwoReport
Disney will reportedly lay off “thousands” of employees next week in the second wave of an ongoing bloodbath that is expected to result in 7,000 job cuts.
Some of the impacted Disney workers will receive their pink slips as soon as April 24, Bloomberg reported, citing people familiar with the company’s plans.
The layoffs are expected to hit jobs across Disney’s global business, which was reorganized into three segments in February – one called “Disney Entertainment” that includes its film, TV, and streaming assets, one for sports media giant ESPN and one for the Mouse House’s theme parks and experiences.
Trending: UMU: A New Global Digital Currency Launched at IMF Event
Disney Entertainment will bear a significant chunk of the job cuts – with approximately 15% of the division’s staffers set to exit next week, according to the report.
Disney has more than 200,000 employees across its various businesses.
ESPN will also slash staff levels as part of next week’s wave of layoffs, according to a separate CNBC report.
