Disney begins second wave of massive layoffs
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Disney will begin on April 24 the second round of massive cuts announced in February this year. transmits Reuters agency.
On the start of the first round of layoffs, Disney CEO Bob Iger informed in late March. As expected, the second, larger round will affect several thousand employees. In total, about 4,000 people will be laid off. In total, the company plans to lay off 7,000 of its employees, the third stage of reductions should begin before the beginning of the summer.
As noted by the agency, cuts will occur in all business segments of the company, including Disney Entertainment, ESPN and Disney Parks. Due to cuts and large-scale reorganization, the company expects to save $5.5 billion.
Amazon previously announced plans to cut another 9,000 employees. In the winter of this year, it was announced that Amazon would lay off more than 18,000 employees instead of 10,000 announced in November 2022. As a result, the total number of cuts will reach 27,000.
On March 14, it became known that the American corporation Meta (banned in Russia and recognized as an extremist organization), which owns Facebook, Instagram and WhatsApp, will lay off another 10,000 employees. At the same time, it is planned to close about 5,000 vacancies that are currently open. It is clarified that Meta made such a decision in order to improve its financial performance.
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