Disney to begin 7,000 job layoffs this week ...Middle East

LOS ANGELES: US entertainment giant the Walt Disney Company will begin layoff notices this week for more than 7,000 staffers, reported Xinhua quoting Variety, a top Hollywood trade publication, on Monday.Disney chief executive officer Bob Iger confirmed in a memo to employees Monday morning that the layoffs will come in three waves. After this week’s notifications, a “larger” round of notifications will come in April and a final round will hit “before the beginning of summer” to get the company to the 7,000 target, according to the report.Iger said Disney has made a “difficult decision” to reduce its overall workforce as “part of a strategic realignment of the company, including important co

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Disney to begin 7,000 job layoffs this week ...Middle East

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