According to a statement made by the CEO of disney, Bob Iger, the company will start laying off 7,000 employees in the last week of March.
Since February 8, the company's employees have been warned, via videoconference, that cuts and layoffs would take place soon.
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At the time, Bob Iger reported that the company intends to cut 5.5 billion in operating costs. The layoffs will take place in three stages, until the 7,000 people are dismissed.
In an attempt to “consolate” the employees who will be fired, the executive issued an official memo. Read the full:
“The difficult reality of many colleagues and friends leaving Disney is not something we take lightly. This company is home to the most talented and dedicated employees in the world, and many of you bring a lifelong passion for Disney to your work here. That's part of what makes working at Disney so special. It also makes it even harder to say goodbye to wonderful people we care about. I want to offer my sincere thanks and appreciation to all of the departing employees for their countless contributions and their devotion to this beloved company.” said Iger.
Still in February, when he preliminarily announced the layoffs, Bob Iger had already mentioned the need to “make some difficult decisions” to face “some problems that have arisen”.
Among these problems, it is common knowledge that some streaming services owned by Disney, especially Disney+ and Hulu, have not performed satisfactorily.
Disney+ faces a slight stagnation in the number of new subscribers, while the platform Hulu has lost $ 1.1 billion recently.
In addition, the company is still feeling the impacts of the pandemic on physical attractions, such as theme parks based outside the United States, for example.
As previously reported, the first wave of dismissals is expected to take place later this week, and will affect employees across Disney who provide services from various parts of the world.
Graduated in History and Human Resources Technology. Passionate about writing, today he lives the dream of acting professionally as a Content Writer for the Web, writing articles in different niches and different formats.
