Based on news reporting.
The Walt Disney Company has initiated its second round of layoffs, with a total of 4,000 employees expected to be affected this week. This decision is part of a broader effort to streamline operations and reduce costs amid ongoing financial challenges. The layoffs are part of a restructuring plan aimed at improving the company's profitability and adapting to changing market conditions. Disney's leadership has indicated that these job cuts are necessary to ensure the company's long-term sustainability. The layoffs are expected to impact various departments, although specific details on locations and departments have not been disclosed.
The Walt Disney Company cut 4,000 jobs as of October 15, 2023.
That is roughly 2.3% of the 173,250 people The Walt Disney Company employs.
LayoffTalk has tracked 34 layoff events at The Walt Disney Company since September 2020, affecting a combined 45,999 employees.
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