search
HomeTechnology peripheralsIt IndustryDisney CEO announces final wave of layoffs aimed at cutting $5.5 billion in costs

According to news on May 23, Disney is about to launch its third round of layoffs, which is expected to affect more than 2,500 employees.

According to reports from Interface News, people familiar with the matter revealed that this will be Disney CEO Bob The final wave of layoffs announced by Iger in February was aimed at cutting costs by $5.5 billion. It is said that affected employees will receive layoff notices within this week.

It is unclear which departments will be affected by this latest layoff. Disney is a huge entertainment company with multiple departments and businesses, including film production, television media, theme parks, etc. Disney is taking measures to deal with economic pressure as they face the impact of the epidemic and increased competition in the market.

According to ITBEAR Technology Information, this is not the first time Disney has laid off employees. As early as 2020, the company had carried out large-scale layoffs due to the financial difficulties caused by the epidemic. While the economy has not yet fully recovered, this series of layoffs has still dealt a heavy blow to the affected employees.

With the exception of Disney, the entertainment industry as a whole is experiencing difficulties in the current environment, which is also reflected in their layoffs. Related industries, such as film and television production and tourism, are facing severe challenges as the epidemic continues to develop. However, we hope that with vaccination and the gradual recovery of the economy, these industries can come out of the woods as soon as possible and create more opportunities and a stable working environment for employees.


The above is the detailed content of Disney CEO announces final wave of layoffs aimed at cutting $5.5 billion in costs. For more information, please follow other related articles on the PHP Chinese website!

Statement
This article is reproduced at:ITBear科技资讯. If there is any infringement, please contact admin@php.cn delete
Serverless Image Processing Pipeline with AWS ECS and LambdaServerless Image Processing Pipeline with AWS ECS and LambdaApr 18, 2025 am 08:28 AM

This tutorial guides you through building a serverless image processing pipeline using AWS services. We'll create a Next.js frontend deployed on an ECS Fargate cluster, interacting with an API Gateway, Lambda functions, S3 buckets, and DynamoDB. Th

CNCF Arm64 Pilot: Impact and InsightsCNCF Arm64 Pilot: Impact and InsightsApr 15, 2025 am 08:27 AM

This pilot program, a collaboration between the CNCF (Cloud Native Computing Foundation), Ampere Computing, Equinix Metal, and Actuated, streamlines arm64 CI/CD for CNCF GitHub projects. The initiative addresses security concerns and performance lim

Building a Network Vulnerability Scanner with GoBuilding a Network Vulnerability Scanner with GoApr 01, 2025 am 08:27 AM

This Go-based network vulnerability scanner efficiently identifies potential security weaknesses. It leverages Go's concurrency features for speed and includes service detection and vulnerability matching. Let's explore its capabilities and ethical

See all articles

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools