Disney To Begin Second Round Of Layoffs; Cut 7K Jobs

  • Disney (DIS) will lay off thousands of more workers this week as it looks to slash 7,000 jobs by the summer.
  • This week marks the second round of job cuts following a first round that began the week of March 27. Disney officials said Monday that at the completion of this second wave, 4,000 jobs will be eliminated.
  • The eliminations will occur across the company’s business segments, including Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. They will also happen across the country, from Burbank to New York and Connecticut.
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