EXCLUSIVE: The third wave of layoffs at Disney got under way today, sources tell Deadline. It is estimated to effect around 700 employees across the board at the company, we’re told.
While Parks and Resorts remain mainly untouched, the pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear.
Following the timeline of cuts Disney CEO Bob Iger confirmed in late March, this is expected to be the last of the significant layoffs at Disney for a while.
However, there many still be some smaller cuts in the next couple of months, sources say. The initial wave of began on March 27 when Iger confirmed the plan for three rounds of layoffs as the company looks to reduce its workforce by about 7,000 employees.
Read more on deadline.com
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