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
PredictIQ Quantitative Think Tank Center View
Date:2025-04-07 07:14:15
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! (96)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Republican David McCormick flips pivotal Pennsylvania Senate seat, ousts Bob Casey
- Jason Kelce provides timely reminder: There's no excuse to greet hate with hate
- A Heart for Charity and the Power of Technology: Dexter Quisenberry Builds a Better Society
- Don't let hackers fool you with a 'scam
- Get $147 Worth of Salon-Quality Hair Products for $50: Moroccanoil, Oribe, Unite, Olaplex & More
- Every Time Cynthia Erivo and Ariana Grande Channeled Their Wicked Characters in Real Life
- A murder trial is closing in the killings of two teenage girls in Delphi, Indiana
- The Best Stocking Stuffers Under $25
- Stocks surge to record highs as Trump returns to presidency
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Average rate on a 30-year mortgage in the US rises for 6th straight week
- AI DataMind Soars because of SWA Token, Ushering in a New Era of Intelligent Investing
- Empowering Future Education: The Transformative Power of AI ProfitPulse on Blockchain
- Former longtime South Carolina congressman John Spratt dies at 82
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Open Door
- NYC parents charged in death of 4-year-old boy who prosecutors say was starved to death
- Don’t wait for a holiday surge. Now is a good time to get your flu and COVID-19 vaccines
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Wyoming moves ahead with selling land in Grand Teton National Park to federal government for $100M
Bribery charges brought against Mississippi mayor, prosecutor and council member
Mountain wildfire consumes thousands of acres as firefighters work to contain it: See photos
Nearly half of US teens are online ‘constantly,’ Pew report finds
The Best Lululemon Holiday Gifts for Fitness Enthusiasts, Travelers, and Comfort Seekers
New details emerge in deadly Catalina Island plane crash off the Southern California coast
Sister Wives' Janelle Brown Details First Marriage to Meri Brown's Brother