Disney to Lay Off 4,000 Employees: What's the Total Workforce?

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Cindy Mutia Annur 26/04/2023 16:50 WIB

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Disney laid off 4,000 employees in late April 2023.

Disney's Global Employee Count (September 2009-September 2022)

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Disney's Global Employee Count (September 2009-September 2022)

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Disney laid off 4,000 employees at the end of April 2023.

This action is part of Disney's plan to cut 7,000 jobs this year to save US$5.5 billion in operating costs.

According to Macrotrends, as of September 2022, Disney had approximately 220,000 employees worldwide. This means the layoffs will affect approximately 3% of its total workforce.

"The senior leadership team has worked diligently to determine the future of our organization, and our highest priority is to get this done right rather than get it done quickly," said Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden in a memo to staff, as reported by Reuters on Tuesday, April 25, 2023.

"We understand this is a period of uncertainty. Thank you for your understanding and patience," Disney management told its staff.

Disney first announced its layoff plans in February 2023. This mass layoff decision came after Disney appointed a new CEO, Bob Iger, in November 2022.

According to Reuters, Disney has spent billions of US dollars since entering the streaming video business and launching platforms competing with Netflix, such as Disney+, Hulu, and ESPN+.

The final wave of Disney layoffs is expected to occur before mid-year.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."