Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of expected cuts following his announcement in February that the company would axe 7,000 jobs. In a memo to staff obtained by CNN, Iger said the layoffs would come in three waves. A second, larger round of layoffs will take place in April, Iger said, with several thousand staffers let go. “The difficult reality of many colleagues and friends leaving Disney is not something we take lightly,” Iger said in the memo. The layoffs follow Iger’s return to Disney in November after the company’s board fired Bob Chapek as its leader.

Source: CNN March 28, 2023 05:15 UTC