Disney Announces Workforce Reduction of 4,000

In an email to its employees the Disney Company announced it would seek to cut its workforce by approximately 4,000 full-time employees.

• Nerds are 'in' - Orlando Business Journal (4/2/2001)
  Disney's entire Informations Services will be exempt from the layoffs.
• Disney Job Cuts To Hit Book Units - Publishers Weekly (4/2/2001)
  Company mandated 3% staff cut will be applied to the various divisions equally including Hyperion.
• Disney shareholders look for answers - CBS Market Watch (3/30/2001)
  Reporter Jon Friedman examines the Disney Company's economic performance.
• Disney stock levels out - Orlando Business Journal (3/30/2001)
  Disney stock has levelled after a $2 drop on Wednesday.
• Clouds gathering over the Magic Kingdom - Orange County Register (3/30/2001)
  A look at the Disney Company decision to cut 4,000 jobs and offers the views of Hal Vogel, a veteran media analyst who manages investor money for his New York firm, Vogel Capital Management LLC
• Disney cuts not expected to hurt local projects - Los Angeles Times (3/30/2001)
  The Disney Company job cuts should have little impact on the Burbank offices and local ABC employees.
• Disney's woes may loosen area's tight labor market - Orlando Sentinel (3/29/2001)
  Orlando area businesses may benefit from Disney World's hiring freeze.
• Disney's no longer the happiest place on Earth - Orlando Sentinel (3/29/2001)
  A look at the mood of Disney World employees after the announcement of Disney Company cutbacks.
• Dog Of The Day: Walt Disney - Forbes (3/28/2001)
  Entertainment analyst Edward Hatch's reactions to the Disney Company's announcement to cut 4,000 jobs.
• Disney to cut 4,000 jobs - Orlando Sentinel (3/28/2001)
  Comments by Jeffrey Logsdon, analyst for Gerard Klauer Mattison in regards to the Disney Company's announcement of upcoming cutbacks.
• Analysts cut Disney profit estimates - CBS-Market Watch (3/28/2001)
  Analysts adjustments of the Disney Company's 2001 expected performance.
• Disney Shares Slide After Announcing Job Cuts - New York Times (3/28/2001)
  Disney stock traded lower Wednesday morning after the announcement which was made after the stock market trading closed yesterday.
• Disney to cut 4,000 jobs worldwide - Los Angeles Times (3/28/2001)
  The effects the Disney company's announcement will have on the Burbank Studios.
• Disney to Cut 4,000 Jobs, as Many as 250 in Anaheim - Los Angeles Times (3/28/2001)
  The Disney company has announced plans to cut 4,000 jobs and looks at the possible effects this decision could have on the entertainment industry.
• Disney Cast Members Consider New Roles - NewsChannel2000: (3/28/2001)
  The impact Disney's decision to cut 4,000 will have on WDW and the reactions of other area theme parks.