Disney begins the second round of layoffs, with a total of 4,000 employees

Disney began its second-largest wave of layoffs on Monday, April 24, bringing the total number of layoffs in recent weeks to 4,000.

Disney announced earlier this year that it would lay off 7,000 workers as part of a $5.5 billion cost-cutting reorganization.

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Disney officials said today that they do not underestimate the departure of this large number of employees, which equates to about 3% of its workforce which currently stands at 220,000 people as of Oct. 1, according to a securities filing, with nearly 166,000 in America and about 54,000 internationally.

Disney notified employees of the first wave of layoffs on March 27, which saw cuts in its struggling strategies unit and part of its Beijing office.

The second round of job cuts at Disney will end on Thursday and impact several divisions. These divisions include Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. The affected jobs will range from Burbank, California to New York and Connecticut.

The company said it expects to begin the third wave of layoffs before the start of summer in order to reach the 7,000 targets.

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