Disney Lays Off 4,000 Employees, 3,000 More By Summer
The Walt Disney Company on April 24 announced its second round of layoffs bringing the total of employees let go to 4,000. The company’s goal is a total of 7,000 by summer. The reductions began in February.
Bob Iger announced the layoffs upon returning as CEO in January. When you study the stock descent from $197.16 on March 21, 2021, to its current price of $99.08 (12:20 PM on March 24, 2023), you can see the urgency in the company taking steps to turn things around.