Disney Begins Largest Wave Of Layoffs, Will Get More Than Halfway To Target Of 7,000 Staff Cuts This Week
deadline.comDisney is initiating the second and largest round of its planned layoffs Monday and expects to reach 4,000 of its projected 7,000 staff cuts by Thursday.
A staff memo from Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden (read it below) delivered the news, indicating that affected workers would be notified from now through Thursday.
A final round will take effect before the start of summer. “These are hard decisions and not ones we take lightly – but every decision has been made with considerable thought, and we are doing everything we can to make sure this process is conducted with respect and compassion,” the execs wrote.
This week’s staff reductions have been anticipated for weeks, with workers referring to it as “the big one” or, more ominously, a “bloodbath,” as Deadline has reported.
Read more on deadline.com