Wed, Apr 26th, 2023 - 8:12am
March 28, 2023 - 12:00pm | By Kyle Cornell
(Burbank, CA) -- Disney is set to begin layoffs this week.
According to a memo sent by CEO Bob Iger, it's the first of three rounds of cuts that will total about seven-thousand employees.
The belt-tightening is part of a broader effort to trim corporate spending and streamline operations.
The layoffs are expected to affect Disney's media division along with parks and resorts and ESPN.