Disney cuts thousands of jobs in second wave of layoffs
by Reuters from World news | The Guardian on (#6B3SJ)
Company aims to eliminate 7,000 positions and save $5.5bn in costs across business segments, including ESPN and Disney Parks
Walt Disney will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save $5.5bn in costs, according to sources familiar with the matter.
The company will cut several thousand" jobs through Thursday, with the latest round of reductions bringing the total number of jobs culled to 4,000, Disney officials say.
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