Disney Begins Laying Off Thousands of Employees

READ THE FULL STORY >>

Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce.

According to a Thursday report from Deadline, the layoffs are impacting staffers in the United States and the EMEA region (Europe, the Middle East, and Africa).

Deadline notes that the exact number of people who will lose their positions is currently unknown but it’s expected to run into the thousands.

Roughly 100 staffers were informed in mid-May that their positions were at risk of redundancy.

Sources told Deadline that marketing and press departments appear to be the main targets of the layoffs.

Members of Disney’s talent acquisition, engineering, and information technology departments are also at risk.

Deadline suggested that the move was likely due to a global economic slowdown, a weak advertising market, and the ongoing writer’s strike.

The strike has been holding up production across the entire entertainment industry.

Some of the departments facing cuts,

SHARE THIS:

READ THE FULL STORY >>