Disney Begins Mass Layoffs
Disney is beginning layoffs – the layoffs have been focused on production and acquisitions.
The largest round of layoffs is coming in April.
Layoffs have begun in Disney’s television divisions.
Sources tell The Hollywood Reporter that Monday’s layoffs focused production and acquisitions. Among the notable staffers let go Monday are Jayne Bieber, senior vp production at Freeform/Onyx Collective; Mark Levenstein, head of production and postproduction at Hulu; and Elizabeth Newman, head of Disney’s acquisitions department.
Sources note Newman’s entire acquisitions team has been dissolved, while Bieber and Levenstein’s production teams will be folded under Carol Turner, exec vp production at ABC Signature. That team will continue to report to Eric Schrier, whom Dana Walden promoted late last year to president of Disney Television Studios and business operations at Disney General Entertainment.
Details on the size of Monday’s layoffs or what percentage of Disney’s workforce were impacted were not immediately available as additional TV side layoffs are expected to come by week’s end, with the largest round coming in April.
CEO Bob Iger already said publicly that around 7,000 staffers would be let go.
CEO Bob Iger already publicly said the company expects to layoff roughly 7,000 staffers to save roughly $5.5 billion on the eve of a recession.
Iger replaced former CEO Bob Chapek after Disney took a nosedive under his leadership due to fallout from the coronavirus pandemic and a series of woke blunders that destroyed the company’s brand beyond repair, starting when the company opposed Florida’s anti-groomer law that barred teachers from discussing sexuality with kindergarteners and third-graders.
Go woke, go broke.