“There Is A Sense Of Foreboding”: Disney Layoffs to Resume Soon

The subject of the Disney layoffs has dominated all recent conversations and headlines about the company—save for the news of the feud with Florida Governor Ron DeSantis—following the announcement made during the February 8 earnings call. During this call, Disney CEO Bob Iger revealed plans for a significant restructuring of the Walt Disney Company, leaving many in the community stunned by the extent of the proposed changes. The Disney layoffs have already had a significant impact and have sparked widespread interest and concern, with many closely following updates as more news comes to light.

Related: Sources Warn Disney Layoff “Bloodbath” Is Coming in Just Weeks

The Disney layoffs have been called any number of things, from a “bloodbath” to “the big one.” They have had employees on edge and have not been an easy decision to make, per Disney CEO Bob Iger. Mr. Iger confirmed the layoffs in March to be occurring in three rounds are an effort for the Mouse House to reduce its costs by $5.5 billion.

The first round happened at the beginning of April and included the firing of Marvel executive Isaac “Ike” Perlmutter. Now, the second, much larger round of layoffs will be occurring.

Related: 7000 Layoffs Later, Disney Might Spend Billions on Keeping These Rights

As Deadline reported, starting April 24 through April 27, employees of the Walt Disney Company in their film and TV  departments will be losing their jobs every single day (except Friday).

“There is a sense of foreboding that the cuts are going to be wide, large-scale and very meaningful,” an industry source said. The source also noted to the outlet that company morale was “very low right now.”

One other employee shared, “Iger coming back got everyone’s hopes up for investment in people as well as creativity. Truth is if you’re not operating a ride at the parks, you could be on the chopping block. Maybe the worst part is still not knowing who is being let go, no matter how much time you put in.”

Perhaps even more heartbreaking was that one employee reportedly begged Deadline to find out if their job was safe. It’s certainly a somber time at the Walt Disney Company. As of the writing of this article, Disney has declined to give an official statement on the matter.