Is Disney going to lay off employees?

Iger expects to commence the final round of layoffs before the beginning of Summer 2023 to reach the company's 7,000-job target. As a reminder, these layoffs were announced at the beginning of February, and hinted at as far back as last holiday season.



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Disney layoffs 2023 are reportedly here once again, this time for a third round of job cuts. As per a report, the Bog Iger-led Disney is cutting some more jobs and notifying impacted employees this week. According to a CNN report, this round of Disney layoffs have impacted more than 2,500 employees.

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The first two waves of layoffs took place in March and April, eliminating roughly 4,000 jobs, including at ESPN, Disney's entertainment division, Disney Parks, and its Experiences and Product division.

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Back in 2023, Disney announced during Star Wars Celebration that there would be more stories and characters and all new adventures coming to Star Tours in 2024. And now we know at least one of those new stories and characters will be Ahsoka, as seen in the new Disney+ series bearing the same name.

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We already know about certain areas that will open soon in Disney World. Magic Kingdom will soon get TRON Lightcycle / Run, while at EPCOT the remainder of World Celebration and Journey of Water — Inspired by Moana will both be opening in 2023. The opening of these new attractions and spaces could impact capacity.

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Disney Laying Off 7,000 Employees, Canceling Metaverse & Prime Program Plans. Bob Iger has shared more details about the layoffs and workforce reductions at the Walt Disney Company through Summer 2023.

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Many Cast Members were laid off during park closures, and while some were called back to work, others lost their jobs permanently. This staggering two-year drop in employment led to Disney's smallest reported workforce since 2015. The significant staff shortages were felt by guests since parks reopened.

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The worst times to visit Disney World in 2023 are: March 17 – April 16 (Spring Break & Easter) May 26 – August 13. November 17-26 (Avoid Thanksgiving Week) December 15 -31 (Avoid Christmas and New Year's Weeks)

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These rounds of job cuts reportedly impacted people at ESPN, Disney's entertainment division, Disney Parks and so on. Disney's CEO Bog Iger, in February, announced that the media and entertainment giant would be trimming close to 7,000 jobs from its global workforce in three rounds.

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Disney has just revealed that one of its major theme parks located in Orlando, Florida, will be closing very soon. Following the news that Disney's Typhoon Lagoon water park will be reopening, Disney just confirmed that its Blizzard Beach water park would be shutting down for a refurbishment.

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Iger said the changes are a way for the company to be cost-effective and streamline its approach during a challenging economic environment. Iger said that reducing Disney's workforce is also necessary to cut costs. Disney plans to cut 7,000 jobs.

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Others suggested that if Disneyland workers aren't happy with their pay, they should quit. Andrew Hagelshaw, a spokesman for the SEIU United Service Workers West in Orange, said Disneyland workers have “an incredibly high turnover rate of 30 to 40 percent a year, and not just at our union.”

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Disney failed to achieve a top-three ranking in 2020, which was likely a result of its controversial decision to air films originally planned for theatrical release on its streaming service, Disney+.

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Grande, however, allegedly forced Disney Cast Members to shut attractions down for hours, kicking all Guests out of the queue so that she could ride alone. (The Kardashian-Jenner family has been criticized for doing the same.)

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2023 is another exciting year at the Most Magical Place on Earth! With the opening of TRON Lightcycle / Run, the return of Happily Ever After and EPCOT Forever nighttime spectaculars, the kick-off of the Disney 100 celebration in the fall, and more, the magic (and fun) is definitely calling in 2023 and 2024!

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Is there any hope for Disney's stock? Despite Disney's stock's performance over the last five years, the company does have some bright spots. Most notably, operating income for its parks, experiences, and products segment is up 20% year over year to $7.6 billion in the first three quarters of fiscal 2023.

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