Disney Will Dismiss Large Chunk Of Entertainment Staffers Next Week: Report
By Ben Zeisloft
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Apr 22, 2023 DailyWire.com
Disney plans to eliminate thousands of jobs next week, dismissing as many as 15% of entertainment staffers, according to a recent report from Bloomberg.
Disney CEO Bob Iger announced two months ago that the company would dismiss 7,000 workers as part of a “strategic realignment” meant to reduce costs. The layoffs will impact employees in the conglomerate’s television, film, theme parks, and corporate divisions, in addition to the entertainment unit, with some workers slated to lose their positions on Monday.
“For our employees who aren’t impacted, I want to acknowledge that there will no doubt be challenges ahead as we continue building the structures and functions that will enable us to be successful moving forward,” Iger informed staff members last month. “In tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world, now, and long into the future.”
The company’s entertainment unit serves as a primary area for the headcount reductions as Iger pivots toward focusing on franchise properties and well-known brands. He elevated veteran executives Alan Bergman and Dana Walden to serve as co-chairs of Disney Entertainment, the restructured department created earlier this year.
Disney will also restructure the firm’s finance department such that staffers managing accounts for Disney Entertainment and ESPN are more closely consolidated. Bryan Castellani will serve under Disney CFO Christine McCarthy as the finance lead for the two business units, according to a memo obtained by Business Insider.
“I am confident that we are building an even more aligned and collaborative team that will enable our businesses and functions and help the company achieve its stated goals. Please join me in supporting the leaders who are taking on new roles and additional responsibilities. Each will be sharing more about their respective teams and structure in the near future,” McCarthy wrote in the memo. “While our changes are necessary to set the company up for future success, I acknowledge that change can be filled with tough decisions, conversations, and realities. There is more work to be done, and I appreciate your continued efforts, resiliency, and outstanding contributions through this time.”
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