Home News Business Disney begins second round of layoffs, lays off several thousand employees; 100 out even from ESPN

Disney begins second round of layoffs, lays off several thousand employees; 100 out even from ESPN

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Disney begins second round of layoffs, lays off several thousand employees;  100 out even from ESPN

Disney Layoffs: Disney has started its second round of layoffs, under which thousands of employees have been shown the way out. At the same time, its proprietary company ESPN has also been retrenched. In the beginning of this year, in February, the company had announced the removal of 7 thousand employees. This will cut about $ 5.5 billion.

The layoffs were announced during Bob Iger’s first earnings call after returning as CEO. Disney made the first layoffs on March 27 at the Beijing office. Here too many employees were fired.

How many employees were laid off during the second round

During February, it was announced to lay off employees out of 7 thousand or 3 percent of the total workforce. By October 1, 2022, a total of 2,20,000 employees were working here. Now 4000 employees have lost their jobs in the second round of retrenchment. This retrenchment has been done in many Disney companies.

Which companies got laid off

During the second round, several divisions of the company have been acquired, including Disney Entertainment and ESPN, Disney Parks, Experiences and Products, etc. Employees have been fired from offices in New York, California, Spain etc. 100 employees have been eliminated under ESPN.

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These employees will be laid off in the next few months

According to CNBC, Disney Entertainment co-chairmen Alan Bergman and Dana Walden said that information will continue to emerge in several areas of the company over the next few days. He also noted that each team layoff is at a different location and that restructuring across multiple businesses will continue over the next few months, with more expected to take effect before the summer.

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