The job cuts will occur across the company’s business segments, including Disney Entertainment, ESPN and Disney Parks, Experiences and Products, according to the sources
will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save $5.5-billion in costs, according to sources familiar with the matter.
The cuts will occur across the company’s business segments, including Disney Entertainment, ESPN and Disney Parks, Experiences and Products, according to the sources, but are not expected to affect hourly frontline workers employed at the parks and resorts.
Disney announced its layoff plan in February, together with a reorganization that returned decision-making to its creative executives. Its goal is to create a more streamlined approach to its business.
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