Walt Disney Co. plans one other large spherical of job cuts subsequent week, eliminating 1000’s of positions, together with about 15% of the employees in its leisure division, individuals accustomed to the matter mentioned.

The cuts will span TV, movie, theme parks and company positions, and have an effect on each area the place Disney operates, mentioned the individuals, who requested to not be recognized as a result of the small print aren’t public. Some affected staff shall be notified as early as April 24.

The firm didn’t reply to requests for remark.

Disney mentioned in February it deliberate to eradicate 7,000 positions from its workforce of greater than 220,000, a part of an general technique to shave $5.5 billion in annual prices.

The cuts are coming throughout the corporate, the individuals mentioned, together with at Disney Entertainment, which was created in a restructuring this 12 months as residence to the corporate’s film and TV manufacturing and distribution companies, together with streaming.

As a part of that restructuring, Chief Executive Officer Bob Iger moved to revive authority to artistic executives. He elevated key lieutenants together with Alan Bergman and Dana Walden, the co-chairmen of Disney Entertainment.

As a part of that effort, the corporate is paring its dedication to basic leisure, focusing extra on franchise properties and well-recognized manufacturers. As a end result, the leisure division shall be a spotlight of the cuts.

Every main media firm, together with Comcast Corp.’s NBCUniversal, Warner Bros. Discovery Inc. and Paramount Global, is trimming its headcount as Wall Street’s consideration shifts from subscriber progress in streaming to the excessive price of working on-line video platforms.

In November, Iger returned to guide Disney after a $1.47 billion quarterly loss within the firm’s streaming enterprise precipitated the ouster of his hand-picked successor, Bob Chapek.