Disney to give pink slip to 2,500 employees in third round of layoffs

Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, a report by news agency IANS said on Tuesday. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, it said.

As a part of a cost-cutting measure, the company began removing dozens of titles from its streaming platforms this week. According to the report, the television division, which was hit hard in the second round of job cuts, is largely spared this time with a small number of layoffs.