Current:Home > ScamsESPN announces layoffs as part of Disney's moves to cut costs-Angel Dreamer Wealth Society D1 Reviews & Insights
ESPN announces layoffs as part of Disney's moves to cut costs
View Date:2024-12-23 19:01:53
ESPN began informing employees of layoffs Monday, which are job cuts that are taking place throughout its corporate owner, the Walt Disney Company.
Disney CEO Bob Iger announced in February that the company would reduce 7,000 jobs either through not filling positions or layoffs.
ESPN President Jimmy Pitaro said in a company memo sent to employees that those affected will hear from their supervisor and someone from human relations this week.
"As we advance as a core segment of Disney, with operational control and financial responsibility, we must further identify ways to be efficient and nimble," Pitaro said in the memo. "We will continue to focus our workforce on initiatives that are most closely aligned with our critical priorities and emphasize decision-making and responsibility deeper into the organization."
ESPN was not part of the first phase of Disney reductions last month. Besides this week's layoffs, another round of job cuts will take place by the start of summer. Both phases impact off-air employees.
A round of cuts involving on-air talent will happen over the summer via contracts not being renewed, buyouts or cuts. It is not expected to resemble what happened in April of 2017, when reporters and hosts were informed at one time.
Among the known job cuts from Monday is vice president of communications Mike Soltys, who has been with the company 43 years. Soltys confirmed his departure via social media.
veryGood! (11)
Related
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- Trump Media stock price surges after assassination attempt seen as boosting Donald Trump's reelection odds
- Doctor at Trump rally describes rendering aid to badly wounded shooting victim: There was lots of blood
- As fall tuition bills drop, Gen Z's not ready to pay for college this year, survey says
- 2025 NFL Draft order: Updated first round picks after Week 10 games
- Georgia Democrats file challenges to keep Kennedy and others off presidential ballot
- Steven Stamkos on move: 'I never thought this day would come'
- On Mac and Cheese Day, a look at how Kraft’s blue box became a pantry staple
- Kelly Rowland and Nelly Reunite for Iconic Performance of Dilemma 2 Decades Later
- GoFundMe for Corey Comperatore, Trump rally shooting victims raises over $4M
Ranking
- Suspected shooter and four others are found dead in three Kansas homes, police say
- Amazon Prime Day Must-Have Swimwear: Ekouaer Stylish Swimsuits, Your Summer Essentials
- Condos’ high-rising insurance premiums are a top issue in these legislative races
- 40 crews called to fight stubborn fire at Grand Rapids recycling center
- Incredible animal moments: Watch farmer miraculously revive ailing chick, doctor saves shelter dogs
- Katy Perry defends new song 'Woman's World' as 'satire' amid terrible reviews
- Ahead of RNC in Wisconsin, state officials decry horrific act after Trump assassination attempt
- New England fishermen sentenced in complex herring fraud case
Recommendation
-
Vogue Model Dynus Saxon Charged With Murder After Stabbing Attack
-
How to quit vaping: What experts want you to know
-
4 people fatally shot outside a Mississippi home
-
Katy Perry Calls New Woman's World Song Satire After Facing Criticism
-
New Mexico secretary of state says she’s experiencing harassment after the election
-
Morgan Wallen announces homecoming Knoxville concert. Here's how to get tickets
-
How to quit vaping: What experts want you to know
-
Millions remain under heat alerts as 'dangerous' weather scorches Midwest, East Coast