Disney Begins Second Round of Layoffs, Totaling 4,000 Cuts
thewrap.comintroduced in February by CEO Bob Iger, indicating that a third and final round of the layoffs is expected to bring them to that mark before the summer. “These are hard decisions and not ones we take lightly — but every decision has been made with considerable thought,” Walden and Bergman said in the memo.
This second round of the layoffs, which first began March 27, will be the largest of the three and will bring the company over the halfway mark of its 7,000-cut goal.The layoffs are expected to impact the company’s full-time workforce from Disney Entertainment, ESPN and Disney Parks, Experiences and Products.
Additional details on what specific roles and departments will be impacted as the news rolls out through Thursday remain unclear.
March’s layoffs left their mark across departments, including Disney’s metaverse division (which was shuttered) and Marvel Entertainment (which was folded into Disney and lost CEO Ike Perlmutter, who contends he was fired), and impacted employees of high senior management levels along with lower-level executives.“We are doing everything we can to make sure this process is conducted with respect and compassion,” the memo continued. “The senior leadership teams have been working diligently to define our future organization, and our biggest priority has been getting this right, rather than getting it done fast.
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