Disney World is to lay off 7000 employees as per CEO Bob Iger confirmed on Monday in a media announcement. The layoff has been scheduled to begin immediately starting 27th March 2023. This layoff news announcement to this effect was made for the first time in February 2023 and is ready to be implemented now.
Disney World Layoffs
The memo received by premier media houses points towards the fact that Disney World is looking to reduce its global workforce by around 7000. The layoff happens to be a part of a multi-billion dollar cost-cutting plan to streamline and optimize the company’s operations.
The layoff is scheduled in 3 distinct phases beginning this week and as per the plan, the Unit heads or Managers are supposed to appraise the staff on the same. The 2nd phase is likely to be initiated next month, where more employees would be laid off as per the plans. The last phase too will follow the 2nd phase in a short while and is likely to be completed within the next month.
Disney World Management statement
“The difficult reality of many colleagues and friends leaving Disney is not something we take lightly, in tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world – now, and long into the future,” as per the Chief Executive Officer of Disney World, Bob Iger.
“As I shared with you in February, we have made the difficult decision to reduce our overall workforce by approximately 7,000 jobs as part of a strategic alignment of the company, including important cost-saving measures necessary for creating a more effective, coordinated and streamlined approach to our business,” is what has been communicated by the Management.
Disney World had about 220,000 workers as of October 1, 2022, of which approximately 166,000 were employed in the United States. A cut of 7,000 jobs represents about 3% of its global workforce.
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