Current:Home > reviewsJohnathan Walker:ESPN announces layoffs as part of Disney's moves to cut costs -Wealth Evolution Experts
Johnathan Walker:ESPN announces layoffs as part of Disney's moves to cut costs
Algosensey View
Date:2025-04-07 05:43:37
ESPN began informing employees of layoffs Monday,Johnathan Walker 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! (279)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- BBC Journalist John Hunt Speaks Out After Wife, Daughters Are Killed in Crossbow Attack
- Chrishell Stause & Paige DeSorbo Use These Teeth Whitening Strips: Save 35% During Amazon Prime Day
- Jack Black 'blindsided' by Kyle Gass' Trump shooting comment, ends Tenacious D tour
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- 'Let me get my shoes': Trump explains why he asked for footwear after assassination attempt
- How to watch 'Hillbilly Elegy,' the movie based on Trump VP pick JD Vance's 2016 memoir
- Inside the tradition of Olympic rings tattoos and why it's an 'exclusive club'
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- How Good are Re-Planted Mangroves at Storing Carbon? A New Study Puts a Number on It
Ranking
- Trump wants to turn the clock on daylight saving time
- Shannen Doherty, ex-husband Kurt Iswarienko's divorce settled a day before her death: Reports
- Who is JD Vance, Trump's pick for VP?
- It's Amazon Prime Day! And what the world needs now is a little retail therapy.
- Don't let hackers fool you with a 'scam
- Powerball winning numbers for July 15 drawing; jackpot rises to $64 million
- Soros’ Open Society Foundations say their restructuring is complete and pledge $400M for green jobs
- Richard Simmons’ Cause of Death Under Investigation
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
North Carolina approves party seeking to put RFK Jr. on the ballot, rejects effort for Cornel West
I'm a Shopping Editor, Here's What I'm Buying From Prime Day 2024: The Top 39 Best Deals
Gareth Southgate resigns as England manager after Euro 2024 final loss
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Ingrid Andress' national anthem before MLB Home Run Derby leaves impression
Paul Skenes in spotlight, starting All-Star Game after just 11 major league games
King Charles III and Queen Camilla Pulled Away From Public Appearance After Security Scare