Disney this week will begin the primary of three rounds of layoffs, in response to a report from Deadline on Monday. 

CEO Bob Iger reportedly despatched a memo to Disney staff in regards to the begin of layoffs that can minimize roughly 7,000 staff beginning this week, with one other spherical coming in April and a 3rd spherical occurring over the summer time. 

“In robust moments, we should at all times do what’s required to make sure Disney can proceed delivering distinctive leisure to audiences and company around the globe — now, and lengthy into the longer term,” Iger wrote within the memo, in response to Deadline.

It is unclear what areas of the corporate can be affected by the layoffs. Sources informed Deadline Disney’s parks, the streaming service Hulu and different areas of leisure equivalent to ESPN could possibly be hit with cuts. 

Iger returned to Disney as CEO in November following the ousting of Bob Chapek. In February, Iger indicated the corporate deliberate to cut back the corporate’s workforce.  

Layoffs have hit tech firms hardest in latest months. Microsoft, Meta and Amazon laid off 1000’s of staff in 2022 and have introduced extra cuts for 2023. 

Disney did not instantly reply to a request for remark.