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ORLANDO, Fla. 鈥?Th stanley quencher e Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that s part of a previously announced plan to eliminate 7,000 jobs this year.The latest employee releases will take stanley flask place Monday through Thursday, according to Disney officials. The company will have reached approximately 4,000 job cuts when factoring in both the first and second rounds of layoffs.The job eliminations are taking place across various business segments, including entertainment, ESPN, parks, experiences and products. The cuts are also occurring in various locations, including Burbank, California, New York and Connecticut. The company previously said that it doesn t expect the job cuts to impact hourly frontline operations roles at its parks and resorts.Disney anticipates a third round of job cuts starting before the beginning of the summer in order to hit the 7,000 eliminations target.Disney CEO Bob Iger had announced in February that the company was going to cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and strategic reorganization. The job cuts amount to about 3% of the entertainment giants global workforce.Disney has said that the job reductions are part of a targeted $5.5 billion cost savings across the Burbank-based company.Shares of Disney dipped slightly in midday tradin stanley cup g on Monday. Rijo Car smashes into lobby of Trump Plaza in New York
Layoffs for about 4,000 salaried staff at General Motors are due to start Monday -- a previously announced move that comes just as President Donald Trump prepares to trumpet American manufacturing at next week s State of the Union address.The layoffs are part of a 15% reduction in white collar jobs in North America that the automaker first announced back in November. At the same time, it announced plans to close four US plants as well as a fifth in Canada.The job cuts and plant closings are part of ongoing cost reductions to free up $6 billion annuall stanley drink bottle y to invest in a new generation of autos , such as electric and self-driving vehicles. It is a stanley becher lso making a push to develop a ride hailing service that will allow GM to make more money by selling rides to customers rather than vehicles.But the move enraged Trump, who repeatedly stanley kaffeebecher lambasted GM CEO Mary Barra over the decision. In his rebuke of GM, Trump focused on the closures in Ohio, a state he won in the 2016 election. The company also announced plans to shutter facilities in Maryland and Michigan.He said the company would face punishment for the closures, which included a plant in Lordstown, Ohio, that Trump personally promised to revive during the 2016 campaign.The president said he was very tough on Barra in a phone call a