In a poignant turn of events, entertainment giant Disney has commenced its third round of layoffs, casting an unsettled shadow of uncertainty and anxiety over its divisions. Disney’s layoffs in 2023 will be handing over pink slips to 2500 employees. The division slated to be impacted by the impending Disney job cuts in round three remains shrouded in mystery.
As per reports, the Parks and Resorts division would escape unscathed while Disney’s streaming platforms, once adorned with a myriad of titles, will also face the brunt of being ditched.
Disney Layoffs 2023: The Causation Of Disney’s Round Three Of Job Cuts
Disney’s television division, reeling from the impact of the previous round of furloughs, will also need to brace itself for another blow, albeit on a smaller scale. The relentless round three of job cuts will push the total number of Disney layoffs to close between 6,500 – 7,000.
Additionally, Disney’s latest layoffs news unfurls amidst a backdrop of media companies grappling with the aftermath of the writers’ strike. Film and TV writers abandoned their craft at the beginning of the month after reaching a seemingly unyielding impasse with the Alliance of Motion Picture and Television Producers, which represents media giants like Netflix and Disney.
Image Courtesy – thewaltdisneycompany.com
They have been advocating for higher compensation and amendments to their work rules. Their appeal includes a minimum quota of writers per show and also the prohibition of AI in the art of scriptwriting.
This is not Disney’s first rodeo of layoffs for 2023. Earlier in the year, the company had cut thousands of jobs, totaling Disney’s job cuts to 4,000. The first round of layoffs included two senior vice presidents who oversaw production at Hulu and the Freeform network. Furthermore, a unit dedicated to licensing books, podcasts and other stories for TV shows was disbanded.
CEO Bob Iger announced Disney’s 2023 layoffs in February during an earnings call. The workforce that boasted 220,000 would restructure to eliminate 7,000, face content reduction, and payroll trimming – in a bid to salvage billions of dollars.
Bob Iger was prompted to return to lead Disney in November after a staggering quarterly loss of $1.47 billion in the streaming business.
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