Disney’s Next Round Of Layoffs Will Start Next Week

According to insiders, the Walt Disney Company will begin its second round of job cuts next week, eliminating thousands of positions.

These cuts will include 15% of the company’s entertainment division.

Photo: Disney

While the specific jobs that will be targeted by Disney are still unknown, the cuts will span TV, film, theme parks and corporate positions, and are poised to affect every region where Disney operates.

Some of the affected workers will be notified as early as April 24.

Photo: Disney

A Company-Wide Restructuring

Last February, Disney CEO Bob Iger announced that the company planned to eliminated over 7,000 positions, as part of a larger strategy to cut spending by $5.5 billion.

“We have made the difficult decision to reduce our overall workforce by approximately 7,000 jobs as part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective, coordinated and streamlined approach to our business.” Iger said at the time.

Photo: Chip Somodevilla also Getty Images

At the time, Iger also revealed a company wide restructuring, that saw Alan Bergman and Dana Walden elevated to co-chairmen of Disney Entertainment.

As the company shifts its steaming strategy from subscriber count to profitability, the division is seeing major changes.

Disney Declines To Comment

Although Disney has declined to comment on the latest round of layoffs, insiders say that they will hit every department within the company.

As always, be sure to check back in with MickeyBlog. We will continue to bring you updates on all the happenings around the Walt Disney Company.

Thanks for visiting MickeyBlog.com! Want to go to Disney? For a FREE quote on your next Disney vacation, please fill out the form below and one of the agents from MickeyTravels, a Diamond level Authorized Disney Vacation Planner, will be in touch soon! Also, thanks for reading!