- Walt Disney will carry out another round of mass layoffs at the end of April, affecting its entertainment division and other business segments.
- In February, Disney had announced that it would untether some 7,000 people worldwide as part of a cost-cutting plan.
- Other major US media and entertainment companies have also implemented layoff plans, including NBC Universal, Warner Bros. Discovery and Paramount Global.
Walt Disney will carry out another round of mass layoffs. It will be the last week of April, as confirmed this Wednesday Bloomberg.
There is no precision on the number, but in February, Disney had said that it was going to unlink about 7,000 people around the world.
According to Bloomberg, with information from people familiar with the issue within Disney, the mass layoffs include 15 percent of the staff in its entertainment division.
The layoffs at Disney will affect its business segments linked to TV, movies, theme parks and corporate positions.
According to the American media, some of the employees will be notified via email on April 24.
At the beginning of 2023, Disney said it was considering laying off 7,000 employees out of a total of 220,000 as part of a cost-cutting plan of about $5.5 billion a year.
The cuts will even affect Disney Entertainment, a division that was created as part of a restructuring this same 2023 to combine the company’s film and TV production with the distribution and streaming businesses.
That Disney shakeup includes the firm cutting its investments in general entertainment to focus on its biggest franchises and brands.
Mass layoffs at Disney
Disney is not alone in this massive layoffs in the large media and entertainment chains in the United States.
All large companies have applied some plan in this sense, among others, NBC Universal, de Comcast Corp, Warner Bros. Discovery y Paramount Global.
It must be remembered that at the end of 2022, Bob Iger returned to take over the direction of Disney after the company recorded a quarterly loss of 1.48 billion dollars in the streaming business and the company hastened the departure of Bob Chapek.
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