The Walt Disney Co. has reportedly begun laying off personnel overseas as it continues to eliminate jobs at home, with an additional 2,500 U.S. workers receiving pink slips this week.
CEO Bob Iger instituted a brutal round of mass layoffs earlier this year that will see a total of 7,000 Disney workers lose their jobs. The layoffs come as Disney is experiencing a profitability crisis brought on by a weak economy under President Joe Biden as well as poor decisions made by former CEO Bob Chapek, who was fired in December following a disastrous earnings report.
Iger is looking to slash a stunning $5.5 billion in spending in an attempt to save the once formidable company. This week, an additional 2,500 Disney workers in the U.S. lost their jobs, according to multiple reports. It represents the latest round of domestic layoffs following
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