Entertainment Giant Begins Its Third Round of Layoff!!! Anticipated To Cut Over 2,500 Jobs!!!

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Entertainment Giant Begins Its Third Round of Layoff
Entertainment Giant Begins Its Third Round of Layoff

Entertainment Giant Begins Its Third Round of Layoff!!! Anticipated To Cut Over 2,500 Jobs: One of the most famous mass media channels and entertainment giant, Disney has planned to commence its third round of layoffs. The impacted employees would get notified by this week. According to the report, this round of layoffs would impact over 2,500 employees in various sectors.

In February, Disney CEO Mr. Bob Iger stated that the company will perform a certain round of layoffs to slash 7000 jobs to improve their spending cost. Disney already performed the first and second rounds of layoffs in March and April month, which has impacted nearly 4000 employees across ESPN, Disney parks, the Entertainment division, and others.

As of now by taking this third round of layoff count, the total laid-off employees will be around 6,500 which is close to 7000. The company has performing this layoff in the name of reorganization to cut the $5.5 billion cost. Employees are bracing themselves to face mass layoffs.

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