Job Cuts Articles and News Stories

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







Marvel Chairman Ike Perlmutter Next In Disney Firing Line

Another day, another Disney firing headline. After yesterday’s farewell of Jeffrey R. Epstein, Vice President of Corporate Communications for Disney, a new heavyweight was in the firing line today. Marvel Entertainment Chairman, Ike Perlmutter, has been let go from his position. Isaac “Ike” Perlmutter, who is the 80-year-old Chairman of the division, was reportedly deemed Marvel Chairman Ike Perlmutter Next In Disney Firing Line



Disney Eliminates Metaverse Division in New Restructure

News from the Wall Street Journal overnight reports that Disney has scrapped their entire Metaverse division in the latest round of cost-cutting measures. The move is part of a broader plan to improve The Walt Disney Company’s profitability by reducing employment. The division is said to have held around 50 jobs that handled metaverse, a Disney Eliminates Metaverse Division in New Restructure