Walt Disney Co. is set to eliminate thousands of jobs next week which will reportedly include about 15 per cent of the Disney staff in the company's entertainment division.

Disney's next layoff bloodbath to axe thousands of jobs in every region it operates

Disney on Monday announced that his company will start making staff reductions this week. This is the first of three rounds of anticipated reductions. The company would axe 7,000 jobs in total. A multibillion-dollar cost-cutting strategy aimed at streamlining the company's operations during a period of unrest in the media sector includes the reduction of Disney's global staff.

Disney's cost cutting leads to senior executives' layoffs  at ABC

Walt Disney begins laying off 7,000 employees

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Disney's next layoff bloodbath to axe thousands of jobs in every region it operates

Disney's cost cutting leads to senior executives' layoffs at ABC

Walt Disney begins laying off 7,000 employees