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   From: woke.and.going.broke@disney.com   
      
   More employees are losing their positions at Disney amid the company   
   reportedly starting its third planned round of layoffs.   
      
   Monday marked the day that The Walt Disney Co.’s third round of cuts   
   kicked off, according to Deadline. In the wave, over 2,500 workers will   
   reportedly get slashed from the entertainment giant’s workforce.   
      
   The outlet said the next few months could also see fewer numbers of people   
   laid off at the company, citing unnamed sources. FOX Business reached out   
   to Disney for comment but did not receive a response by the time of   
   publication.   
      
   In a company-wide memo obtained by FOX Business in late March, CEO Bob   
   Iger had said the timing of the "final round of notification" in planned   
   layoffs would be "before the beginning of the summer." Across the three   
   rounds, Disney aimed to trim 7,000 jobs.   
      
   DISNEY CEO BOB IGER'S LAYOFF MEMO TO EMPLOYEES: READ HERE   
      
   The company shed about 4,000 from its headcount over the course of the two   
   prior rounds, the first of which took place in March and the second of   
   which happened in April, Reuters previously reported.   
      
   DISNEY LAYOFFS RESULT IN NUMEROUS HIGH-RANKING OFFICIALS IN STREAMING NOT   
   MAKING THE CUT: REPORTS   
      
   Disney’s workforce included some 166,000 in the U.S. and 54,000 in other   
   countries at the beginning of October, according to the most recent annual   
   report the company filed in late November. Of that 220,000 total, over   
   three-quarters of them were full-time.   
      
   The company has said its ongoing, massive restructuring, which involves   
   job cuts, switching to three business segments and other steps, will bring   
   it $5.5 billion in savings. The move was announced about 3.5 months ago,   
   when Disney held its first-quarter earnings call.   
      
   Ticker	Security	Last	Change	Change %   
   DIS	THE WALT DISNEY CO.	91.35	-1.63	-1.75%   
      
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   While speaking on the latest quarterly call with analysts and investors   
   earlier in May, Iger said the entertainment giant was "on track to meet or   
   exceed" the $5.5 billion savings target.   
      
   "I’m pleased to say the strategy we detailed last quarter is working," he   
   said. "Our new organization structure is returning authority and   
   accountability to our creative leaders, as well as allowing for a more   
   efficient, coordinated and streamlined approach to our operations."   
      
   For the second quarter, Disney saw $21.82 billion in revenue and $1.27   
   billion in net income.   
      
   https://www.foxbusiness.com/markets/round-three-disney-job-cuts-starting   
      
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