> The first round will begin this week, and managers will soon start to notify affected employees. A second, larger round of layoffs will take place in April, Iger said, with several thousand staffers let go. A third round of layoffs will then occur “before the beginning of the summer” to reach the company’s planned goal of eliminating 7,000 jobs.

For the people at Disney wondering whether they'll get hit in one of the waves of indiscriminate axe swings, sounds less like the happiest place on earth, and more like the anxiety and stress of living under a wicked stepmother.