Disney CEO Bob Iger Confirms Beginning of 7,000 Layoffs This Week, with Three Rounds of Cuts Expected Before Summer
Disney CEO Bob Iger has confirmed that the company will begin its first of three rounds of layoffs this week. The media conglomerate is looking to reduce its workforce by approximately 7,000 employees, Deadline is reporting. The executive sent a memo to Disney’s employees today, in which he confirmed that the company is moving forward…