Disney Entertainment Layoffs Reach 140

Mass Layoffs Loom for Disney as Cost-Cutting Measures Continue

Disney's Workforce to Shrink by 7,000 Employees

As part of its ongoing cost-cutting strategy, The Walt Disney Company has announced a series of layoffs that will significantly impact its workforce. The latest round of layoffs has affected 140 employees within Disney Entertainment Television, representing approximately 2% of the division's headcount. In a bid to reduce expenses, Disney plans to lay off a total of 7,000 employees company-wide. This number includes the 140 layoffs announced today. Disney CEO Bob Iger made the announcement during the company's recent earnings call. Sources indicate that Disney will implement a second round of layoffs, reaching 4,000 employees this week. A third wave of job cuts is also expected ahead of the summer season. These layoffs will be part of a broader cost-cutting plan that aims to save the company billions of dollars.