Disney kicks into action its plan to lay off 7,000 employees The “Happiest Place on Earth” is not so cheerful these days for thousands of Disney employees getting laid off. In an email to employees Monday, March 27, Chief Executive Bob Iger announced the process of notifying the first round of 7,000 workers slated for layoff would start. Iger first announced the cutbacks last February. He says the move is intended to streamline the Burbank-based entertainment conglomerate and save a reported $5.5 billion in costs. The second round... Read More →
