– Photo: Social Media
The phase of retrenchment has also started in Disney, which has made its name in the world of entertainment. The company has decided to lay off seven thousand of its employees. Company CEO Bob Iger gave this information. Bob has taken over as CEO only last year.
Bob said, ‘I don’t take this decision lightly. I have great respect and admiration for the talent and dedication of our employees around the world.’ Through this process, the company wants to save $5.5 billion. According to the company’s annual report, this time there has been a slow growth of customers. Disney Pulse subscriptions fell in the first quarter, causing the streaming media unit to lose more than a billion dollars. One percent of users also decreased.
It is not that only Disney is going through layoffs. Prior to this, many companies in America have thrown their employees out of job. On Wednesday itself, tech company Zoom had announced the removal of 1300 of its employees. On Monday, Dell had announced the removal of more than six thousand of its employees.
The process of layoffs continues in the world’s leading tech companies. After the Corona epidemic, now the effect of recession is increasing worldwide. Last month in January itself, many tech companies have fired about 50 thousand employees. Let us know which ten big companies have laid off in the last six months?
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