Disney to begin layoffs this week, CNBC reports

Disney will begin informing employees this week that they’re being laid off, the first of three rounds of cuts that will amount to 7,000 job losses, CNBC’s Alex Sherman reports, citing a memo from CEO Bob Iger. "This week, we begin notifying employees whose positions are impacted by the company’s workforce reductions," Iger wrote in the memo, which was obtained by CNBC. "Leaders will be communicating the news directly to the first group of impacted employees over the next four days. A second, larger round of notifications will happen in April with several thousand more staff reductions, and we expect to commence the final round of notifications before the beginning of the summer to reach our 7,000-job target."Reference Link