Layoffs News: The clouds of layoffs in the entertainment industry are not taking their name. The process of layoffs continues in the giant company Walt Disney Layoffs. Now the company has planned for the third round of layoffs. According to the report of IANS, in this process of the company, at least more than 2500 employees can lose their jobs (Disney Layoffs). The company has already made it clear that it is taking this step with the intention of cutting its expenses.
Which divisions will be hit by layoffs
According to the report, due to the preparation of retrenchment, the company has also started removing many titles, but the jobs of the employees of the park and resort division will be safe. Let us tell you that in the second round of retrenchment of the company, the people working in the television section were hit the most. According to Business Today’s report, after Disney’s third round of layoffs, the number of employees fired by some company will be around 7,000 (Disney Layoffs 7000 Employees).
The CEO of Disney had said this
Alibaba is also laying off
Technical group Alibaba has also decided to show the way out to thousands of employees. According to Bloomberg’s report, the company has decided to reduce its workforce by a total of 7 percent. The company has taken this decision under restructuring. China’s biggest tech conglomerate Alibaba is cutting spending amid sluggish sales and a slowing economy.
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