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
Disney’s Third Round of Job Cuts, 2500 Employees on the Line
Sources close to CNN have revealed that The Walt Disney Company is embarking on the third round of job cuts since the announcement earlier in the year of a restructuring that would include the loss of 7000 employees. It is not yet known which departments will be the focus of the move. With the company … Disney’s Third Round of Job Cuts, 2500 Employees on the Line
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
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
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
New Walt Disney Company Q1 Earnings Report Recap
It’s Q1 earnings time for The Walt Disney Company. While all guest eyes are drawn to images and details from the Disney100 celebration, investors were keen to see the numbers this afternoon after a disastrous Q4. The earnings call was the first under the reinstated CEO Bob Iger. Once the dreadful series of waiting music … New Walt Disney Company Q1 Earnings Report Recap
The Walt Disney Company Announces 7,000 Job Cuts
The Walt Disney Company has just announced they are cutting operating costs to the tune of 5.5 Billion dollars which will include reducing the workforce by 7,000 jobs across the company. The company says this is a decision that was not made lightly. …[We] will be reducing our workforce by approximately 7000 jobs, while this … The Walt Disney Company Announces 7,000 Job Cuts
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