Fri. Mar 29th, 2024
disney

365Telugu.com Online News, Hyderabad, March 19, 2023: Entertainm ent giant Disney plans to lay off 4,000 employees. According to media reports, the company has directed its managers to identify employees to be fired. The company will take up this layoff in April.

But will the dismissal of employees be done in small groups..? Or the fact that four thousand jobs will be lost at once is not yet clear. Disney’s annual meeting will be held on April 3. It is expected that an announcement on the layoffs will be made in this meeting itself. Disney’s annual meeting will be held on April 3. It is expected that an announcement on the layoffs will be made in this meeting itself.

The company will save seven billion dollars.

disney

Disney is cutting its budget as part of the restructuring, which is why such a large number of employees are being laid off. The entertainment company is also considering its streaming service Hulu. There are reports that the company may also scale back its streaming service business.

Earlier, company CEO Bob Iger announced in February that Disney was laying off 7,000 employees. This is about seven billion for the company
Dollars saved. The company is planning to reduce the content as well as cut the salary of the employees.

There will also be massive deletions in the meta.

Many companies have announced layoffs in recent times. These include social media platform Facebook’s parent company Meta. Meta plans to lay off about 10,000 employees. Meta has already laid off around 11,000 employees. Communications technology company Zoom is also planning to lay off 15 percent of its workforce. Under this, the company is laying off 1500 employees.