Tag Archives: Layoffs
Disney Will Cut 7,000 Jobs In Effort To Save $5.5 Billion In Costs – Heemang Parmar
[ad_1] The Walt Disney Co. said Wednesday that it would lay off about 7,000 employees and cut costs by $5.5 billion in the coming months. Newly returned CEO Bob Iger announced the “strategic reorganization,” saying cuts would amount to about 3.6% of its global workforce. The effort is meant to increase the profitability of Disney’s…
Amazon Layoffs Climb To 18,000 Employees As Tech Giant Moves To Cut Costs – Heemang Parmar
[ad_1] Amazon told employees Wednesday it would eliminate 18,000 jobs across the company, much more than previously reported as tech companies across the country cut costs and rein in hiring amid concerns about the economy. CEO Andy Jassy said Amazon had hired rapidly over the last few years as consumers spent wildly online during the…