Current:Home > ContactCharles H. Sloan-ESPN announces layoffs as part of Disney's moves to cut costs -Ascend Finance Compass
Charles H. Sloan-ESPN announces layoffs as part of Disney's moves to cut costs
Algosensey View
Date:2025-04-08 08:35:32
ESPN began informing employees of layoffs Monday,Charles H. Sloan 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! (19)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Disability rights advocate says state senator with violent history shoved him at New York Capitol
- Hurricane Katrina victim identified nearly 2 decades after storm pounded Gulf Coast
- How we uncovered former police guns that were used in crimes
- Trump issues order to ban transgender troops from serving openly in the military
- Nevada Supreme Court denies appeal from Washoe County election-fraud crusader Beadles
- EA Sports College Football 25 comes out on July 19. Edwards, Ewers, Hunter are on standard cover
- NFL distances itself from Chiefs kicker Harrison Butker’s comments during commencement speech
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Judge mulls wrong date of child’s death in triple murder case against Chad Daybell
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- NFL responds to Kansas City Chiefs kicker Harrison Butker's commencement speech urging women to be homemakers
- 70 years after Brown v. Board, America is both more diverse — and more segregated
- Brad Marchand says Sam Bennett 'got away with a shot,' but that's part of playoff hockey
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- How we uncovered former police guns that were used in crimes
- Repeal of a dead law to use public funds for private school tuition won’t be on Nebraska’s ballot
- West Virginia candidate hospitalized after being bitten by snakes while removing campaign signs
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Celine Dion attends Rolling Stones concert, poses with Mick Jagger and sons: 'Incredible'
'Back to Black': Marisa Abela suits up to uncannily portray Amy Winehouse in 2024 movie
Latinos found jobs and cheap housing in a Pennsylvania city but political power has proven elusive
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Slovakia's Prime Minister Robert Fico in stable but still very serious condition after assassination attempt
Turkey sentences pro-Kurdish politicians to lengthy prison terms over deadly 2014 riots
NFL distances itself from Chiefs kicker Harrison Butker’s comments during commencement speech