Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Disney to begin laying off employees By: FOX Business March 27, 2023 at 13:01 PM EDT Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week. Walt Disney Co. will reportedly begin laying off employees this week in the first of three rounds of job cuts that were announced earlier this year.Disney CEO Bob Iger informed employees in a company-wide memo that the layoffs started, Reuters reported. The layoffs will trim Disney's headcount by about 7,000 workers in total, according to Reuters.The move comes over a month after the company revealed during its first-quarter earnings call its plans to do the job cuts.DISNEY MANAGERS TOLD TO IDENTIFY LAYOFF CANDIDATES, WITH 4K JOB CUTS EXPECTED BY APRIL: REPORTDISNEY PARK PRICE HIKES ‘TOO AGGRESSIVE,' CEO BOB IGER ADMITSCheck back for updates on this developing story. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Disney to begin laying off employees By: FOX Business March 27, 2023 at 13:01 PM EDT Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week. Walt Disney Co. will reportedly begin laying off employees this week in the first of three rounds of job cuts that were announced earlier this year.Disney CEO Bob Iger informed employees in a company-wide memo that the layoffs started, Reuters reported. The layoffs will trim Disney's headcount by about 7,000 workers in total, according to Reuters.The move comes over a month after the company revealed during its first-quarter earnings call its plans to do the job cuts.DISNEY MANAGERS TOLD TO IDENTIFY LAYOFF CANDIDATES, WITH 4K JOB CUTS EXPECTED BY APRIL: REPORTDISNEY PARK PRICE HIKES ‘TOO AGGRESSIVE,' CEO BOB IGER ADMITSCheck back for updates on this developing story.