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Disney begins process of cutting 7,000 jobs as CEO Bob Iger warns ‘challenges ahead’
Disney (DIS) CEO Bob Iger declared the start out of the firm’s mass layoffs on Monday immediately after the company very last thirty day period outlined designs to lower 7,000 workers this year in an exertion to slash $5.5 billion in expenses. “This 7 days, we get started notifying staff members whose positions are impacted by the company’s workforce reductions,” Iger wrote in an inside memo attained by Yahoo Finance. “Leaders will be communicating the information straight to the to start with group of impacted staff members in excess of the upcoming four times. A next, bigger round of notifications will take place in April with many thousand a lot…