Disney timetable for massive layoffs revealed
will begin laying off employees this week in the first of three rounds of job cuts that were announced earlier in the year.updated employees on the cuts expected to take place at the entertainment giant, saying the "first group of impacted employees" would receive notification they were being laid off "over the next four days." Senior leaders at the company had been "working closely with HR to assess their operational needs" over the past handful of months, he said.
The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney is working on sequels for its"Toy Story,""Frozen" and"Zootopia" franchises as the company concentrates more on brands that have continued to perfor Two other rounds of layoffs will follow the one starting this week, with Iger telling Disney employees the "second, larger round" will take place in April and the third slated for "before the beginning of the summer," according to the memo. The layoffs will ultimately trim Disney’s headcount by
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