Disney will begin its long-awaited series of layoffs this week – signaling that a “greater” round of cuts is planned for April as Mouse House looks to chop 7,000 jobs.
CEO Bob Iger detailed the bloodbath plans in a sinister memo to employees on Monday. The primary group of Disney employees will receive their pink vouchers by the top of this week.
A “second, larger round of notifications” will follow in April and can consist of “one other few thousand staff cuts.”
A 3rd round of cuts is predicted “before the beginning of summer to satisfy our goal of 7,000 jobs,” Iger added.
“For our employees who usually are not affected, I would like to acknowledge that we are going to undoubtedly face challenges as we proceed to construct the structures and functions that can enable us to achieve success in the longer term,” Iger said in a memo that was obtained by Hollywood Reporter.
Iger has led a rapid restructuring at Disney since returning to the corporate’s CEO position last November. In February, the longtime executive first announced that 7,000 layoffs would happen as part of a $5.5 billion cost-cutting plan.
![Bob Iger](https://nypost.com/wp-content/uploads/sites/2/2023/03/NYPICHPDPICT000008849584.jpg?w=1024)
In his memo, Iger said the layoffs were “necessary cost-saving measures needed to create a more efficient, coordinated and streamlined approach to our business.”
“In difficult times, we should do what’s required in order that Disney can proceed to supply exceptional entertainment to viewers and visitors all over the world – now and long into the longer term,” added Iger.
Disney employs greater than 200,000 employees in a spread of business interests.
![Disney world](https://nypost.com/wp-content/uploads/sites/2/2023/03/NYPICHPDPICT000008849635.jpg?w=1024)
Of the $5.5 billion Disney intends to avoid wasting, roughly $2.5 billion would come from operating cost reductions, and $3 billion is said to savings from spending cuts on non-sports content.
Disney began tightening its budget after facing pressure from activist investors who accused the corporate of overspending on its streaming business.
![Bob Iger](https://nypost.com/wp-content/uploads/sites/2/2023/03/NYPICHPDPICT000008849568.jpg?w=1024)
Iger has also reorganized Disney’s vast operations into three segments – one focused on its film, TV and streaming assets, one on sports media giant ESPN, and one on the corporate’s theme parks and experiences.
Disney’s CEO also cracked down on the corporate’s corporate employees, requiring employees to return to the office not less than 4 days every week, starting March 1.