Posted
Disney Parks and Resorts issued pink slips Wednesday, with more are on the way, courtesy of a reorganization designed to eliminate redundancies at a unit that employs 80,000 workers. Disney wouldn't say how many people were laid off or how many more layoffs are expected. The reorganization, said Parks and Resorts chairman Jay Rasulo, is not only a response to the weak economy but also a way to further the successful results of a shake-up four years ago.
Read more from The Hollywood Reporter via Reuters.