Insiders tell Deadline that multiple rounds of cuts are being prepared.
The first one is being targeted for late March, likely next week, we hear.
Information varies on a potential third round oflayoffs.
Disney lotDeadline
Disney declined to comment.
Watch on Deadline
Senior Disney executives have been hashing out specifics of the reductions in recent weeks.
CEOBob Igerrevealedthe scope of the cutsduring thecompanys February 8 quarterly earnings callwith Wall Street analysts.
Virtually every part of the sprawling Entertainment division is expected to be impacted in a meaningful way.
ESPN, which is now its own distinct corporate division, also is being scrutinized.
Now, I doubt that.
Disney is far from alone in paring back.
It closed Tuesday at $96.54 and has risen about 2% in 2023 to date.
Even so, shares now are not much higher than where they crash-landed in March 2020.
Lynette Rice and Dominic Patten contributed to this report.
