Disney Begins Laying Off Thousands of Employees
May 26, 2023 2:15:02 GMT -5
Post by ExquisiteGerbil on May 26, 2023 2:15:02 GMT -5
Disney Begins Laying Off Thousands of Employees
Frank BergmanMay 25, 2023
Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce.
According to a Thursday report from Deadline, the layoffs are impacting staffers in the United States and the EMEA region (Europe, the Middle East, and Africa).
Deadline notes that the exact number of people who will lose their positions is currently unknown but it’s expected to run into the thousands.
Roughly 100 staffers were informed in mid-May that their positions were at risk of redundancy.
Sources told Deadline that marketing and press departments appear to be the main targets of the layoffs.
Members of Disney’s talent acquisition, engineering, and information technology departments are also at risk.
Deadline suggested that the move was likely due to a global economic slowdown, a weak advertising market, and the ongoing writer’s strike.
The strike has been holding up production across the entire entertainment industry.
Some of the departments facing cuts, such as IT, could also see workers replaced with artificial intelligence (AI) software.
Disney is following other major corporations in stepping up its use of AI in an effort to replace much of its human workforce.
A third round of cuts is expected in the U.S.
Some 2,500 of Disney’s American employees are expected to lose their jobs in the coming weeks.
Disney first announced the layoffs in February.
At the time, the plan was to cut roughly 7,000 staffers within the U.S.
A similar number of staffers may lose their positions in the EMEA region, but that report has yet to be confirmed, Deadline noted.
link
Frank BergmanMay 25, 2023
Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce.
According to a Thursday report from Deadline, the layoffs are impacting staffers in the United States and the EMEA region (Europe, the Middle East, and Africa).
Deadline notes that the exact number of people who will lose their positions is currently unknown but it’s expected to run into the thousands.
Roughly 100 staffers were informed in mid-May that their positions were at risk of redundancy.
Sources told Deadline that marketing and press departments appear to be the main targets of the layoffs.
Members of Disney’s talent acquisition, engineering, and information technology departments are also at risk.
Deadline suggested that the move was likely due to a global economic slowdown, a weak advertising market, and the ongoing writer’s strike.
The strike has been holding up production across the entire entertainment industry.
Some of the departments facing cuts, such as IT, could also see workers replaced with artificial intelligence (AI) software.
Disney is following other major corporations in stepping up its use of AI in an effort to replace much of its human workforce.
A third round of cuts is expected in the U.S.
Some 2,500 of Disney’s American employees are expected to lose their jobs in the coming weeks.
Disney first announced the layoffs in February.
At the time, the plan was to cut roughly 7,000 staffers within the U.S.
A similar number of staffers may lose their positions in the EMEA region, but that report has yet to be confirmed, Deadline noted.
link