Bob Iger reveals Disney’s first wave of 7,000 employee layoffs to begin this week

Disney CEO Bob Iger announced that the company is set to begin the first of three rounds of employee layoffs this week. The corporation will lay off a total of 7,000 employees by the end of the three waves. Here’s what we know. What did Bob Iger say? CNN reported that in a memo it obtained Iger announced the first set of layoffs to begin this week and that managers will start notifying employees that will be cut off in the weeks to come. “The difficult reality of many colleagues...