Disney layoffs Articles and News Stories
More Layoffs Underway at The Walt Disney Company
According to Deadline, Disney is undergoing another round of cuts as part of a “cost-saving initiative.” Approximately 300 cast members are affected by the layoffs that began earlier this week, which are expected to continue today and tomorrow and possibly extend beyond that. Deadline says the cuts “are across Disney’s corporate operations, including legal, HR, … More Layoffs Underway at The Walt Disney Company
Disney Closes the Book on 7000-Person Workforce Reduction
It’s been reported that the infamous 7000 job cut that Disney announced earlier this year has now been completed. Entertainment news outlet Variety has published an article stating that the last of the layoffs were handed out last Friday, ahead of Memorial Day weekend, saying that the “company still has plans to eliminate more roles … Disney Closes the Book on 7000-Person Workforce Reduction
D23 Downsized in This Week’s Layoffs & Possible Restructure Coming
D23, the official fan club for The Walt Disney Company, has been hit with layoffs this week, according to an article on Deadline. D23 was founded in 2009 and is predominantly known for its D23 Expo, with the next one coming up in September. Deadline states that while today’s cuts were in the double-digits, some … D23 Downsized in This Week’s Layoffs & Possible Restructure Coming
Dear Disney Cast Members: An Open Letter of Gratitude
It’s been a long week as I’ve impatiently waited to hear from each of my friends to see if they are losing their jobs at The Walt Disney Company in the second round of approximately 4000 layoffs. I’ve had trouble sleeping, my anxiety has spiked, my stomach is in knots, and it’s hard to think … Dear Disney Cast Members: An Open Letter of Gratitude
New Wave of Disney Job Cuts Has Begun
From coast to coast, Disney is expected to hand down thousands of job cuts across The Walt Disney Company this week in the second and largest wave since the announcement in February. The company is expected to reduce its workforce by 7000 employees in an effort to sustain a more promising financial outlook after a … New Wave of Disney Job Cuts Has Begun
Pay Rise And Contract Extension For One Disney Executive
In the midst of thousands of employment layoffs across The Walt Disney Company, one Disney executive is seeing their salary increase. Deadline is reporting that Disney Communications Chief Kristina Schake has received a pay rise due to an “increase in her responsibilities,” the publication stated. Not only is Schake allegedly receiving a base salary of … Pay Rise And Contract Extension For One Disney Executive
Thousands More Layoffs Coming to Disney Staff Next Week
Disney is set to cut thousands more jobs next week, and according to an article on Bloomberg, approximately 15% of the jobs on the chopping block are coming from its entertainment division. The article states that the “cuts will span TV, film, theme parks and corporate teams, affecting every region where Disney operates.” In addition, the “people … Thousands More Layoffs Coming to Disney Staff Next Week
Company-Wide Layoffs at Disney Hit ABC News Execs
Reports surfaced Thursday morning that The Walt Disney Company’s planned layoffs have started to hit the News division of ABC. According to an article in The Hollywood Reporter, the ABC News has already “laid off approximately 50 people as part of the company’s planned cuts, with ABC News president Kim Godwin reorganizing her senior leadership team.” Back … Company-Wide Layoffs at Disney Hit ABC News Execs
Disney Set to Cut 4,000 Jobs in the Next Two Weeks
UPDATE: March 27, 2023: Disney CEO Bob Iger sent out an internal memo Monday morning outlining three rounds of layoffs – the first round of layoffs will take place this week, the second round next month, and the final round of layoffs prior to the summer season. Iger’s message to cast members can be read … Disney Set to Cut 4,000 Jobs in the Next Two Weeks
Layoffs, Hiring Freeze; Leaked Memo Reacts to Disney Revenue Drop
A leaked memo has led to news from Disney CEO Bob Chapek that there are staff reductions and a hiring freeze in place for The Walt Disney Company in response to the underwhelming Q4 earnings results. While Chapek made light of the report earlier in the week, insisting that the numbers were all part of … Layoffs, Hiring Freeze; Leaked Memo Reacts to Disney Revenue Drop
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