Disney begins second round of job cuts, affecting thousands

Walt Disney Co. began letting go thousands of employees on Monday in the entertainment giant’s ongoing push to cut about 7,000 jobs this year. This is the second of what’s expected to be three rounds of cuts, Disney said in a statement. The first reductions to Disney’s 220,000-person workforce came in March. This round, which will last through Thursday, should bring the total positions eliminated to around 4,000, the company said.