Disney lays off thousands of employees during second major wave of layoffs

The second of three massive layoffs announced by Disney earlier this year occurred this week and affected a significant portion of the 7,000 employees the company plans to lay off during the year (equivalent to 3% of its workforce). to save $5,500. Disney has confirmed that a second round of layoffs will affect 4,000 employees, Reuters reported.

Disney management has acknowledged and apologized to employees for a period of uncertainty since the company announced the layoffs, noting that the goal is to “do it right, not do it fast.”

“Senior leadership teams have been hard at work defining our future organization and our top priority has been to do it well, not quickly. We acknowledge that this has been a period of uncertainty and thank you all for your understanding and patience,” said Alan Bergman and Dana Walden, co-chairs of Disney Entertainment.