Disney to Reach 4,000 Layoffs This Week With Second Round of Cuts, Third Wave to Hit Ahead of Summer
Jennifer Maas TV Business Writer In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials. While the Disney workforce will be reduced by thousands across divisions Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (hourly frontline operations roles at Parks and Resorts will not be affected), and locations from Burbank to New York and Connecticut, there are still more layoffs to come. According to Disney, a third and final wave of cuts is expected to begin ahead of the summer, which will bring the Mouse House to its 7,000 layoffs target. (The figure represents 3.2% of Disney’s total headcount of about 220,000 worldwide as of Oct. 1, 2022.)