Disney's first round of layoffs starts this week and will eventually to the loss of about 7,000 jobs after three rounds, according to a memo sent by CEO Bob Iger.

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Disney Rolls Out First Round of Layoffs

Disney layoffs. They're going to start this week. It will be the first of three rounds of layoffs for the company amounting to a total of 7000 job cuts. This is according to a memo sent by the Ceo Bob Iger and in it, Eger says Disney will start notifying employees this week. If their position is impacted by the cuts, those announcements will come in the next four days and the next round expected to start in April. The final round will be announced by the end of April. But these layoffs were initially announced in February and they're part of cost cutting measures by Disney. So the layoffs will be impacting roles across the company including the theme parks, media and news at Disney trading on the day. Let's take a look that stock is higher actually outperforming the broader market amid the restructuring up about 2%.