Disney CEO announces final wave of layoffs aimed at cutting $5.5 billion in costs

According to news on May 23, Disney is about to launch its third round of layoffs, which is expected to affect more than 2,500 employees.

According to reports from Interface News, people familiar with the matter revealed that this will be Disney CEO Bob The final wave of layoffs announced by Iger in February was aimed at cutting costs by $5.5 billion. It is said that affected employees will receive layoff notices within this week.

It is unclear which departments will be affected by this latest layoff. Disney is a huge entertainment company with multiple departments and businesses, including film production, television media, theme parks, etc. Disney is taking measures to deal with economic pressure as they face the impact of the epidemic and increased competition in the market.

According to ITBEAR Technology Information, this is not the first time Disney has laid off employees. As early as 2020, the company had carried out large-scale layoffs due to the financial difficulties caused by the epidemic. While the economy has not yet fully recovered, this series of layoffs has still dealt a heavy blow to the affected employees.

With the exception of Disney, the entertainment industry as a whole is experiencing difficulties in the current environment, which is also reflected in their layoffs. Related industries, such as film and television production and tourism, are facing severe challenges as the epidemic continues to develop. However, we hope that with vaccination and the gradual recovery of the economy, these industries can come out of the woods as soon as possible and create more opportunities and a stable working environment for employees.

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