Gawrsh! Hello, all my wonderful Disney coworkers. I'm so sorry to have to give you some not-so-magical news today. According to a memo from our CEO Bob Iger, the company will be laying off some of our fellow cast members in the coming weeks. Oh boy, I know this isn't easy to hear.

The first round of layoffs will begin this week, and managers will be letting affected employees know soon. Then, a second, even larger wave of layoffs will happen in April, with several thousand employees being let go. Finally, a third round of layoffs will occur before summer, all to reach the company's goal of eliminating 7,000 jobs.

Gosh, it's so tough to have to say goodbye to our colleagues and friends, but we have to remember that we are all part of a team, and sometimes tough decisions have to be made to keep our company moving forward. It's all part of the circle of life, as Simba would say!

Disney is a special place, an important part of so many people's lives. We have to keep delivering the magic to our audiences and guests, even if it means making difficult decisions. We will get through this together, and we will continue to make dreams come true every day.

Stay strong, my friends, and remember to keep smiling!