This is the second of what’s expected to be three rounds of cuts, Disney said in a statement.
The first reductions to Disney’s 220,000-person workforce came in March. This round, which will last through Thursday, should bring the total positions eliminated to around 4,000, the company said.
Disney’s latest job reductions, which Bloomberg reported last week, are part of Chief Executive Officer Bob Iger’s ambition to save $5.5 billion in annual costs. The company is seeking to pare its commitment to general entertainment and prioritize franchises and well-recognized brands. Disney Entertainment, which houses the company’s non-sports related film and TV businesses, is a focus of the reductions.
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