According to reports, executives have tasked managers with identifying which of their employees can be laid off as “redundant and disposable” and have been told to have their lists ready in the next two weeks.

Insiders have leaked that the first layoffs will be initiated in April, though it is not known if the layoffs will happen in waves, or all at once.

The 4,000 layoffs may be just the beginning. In Feb., it was reported that Iger was looking to end up to 7,000 jobs, or more than 3 percent of the workforce.

[Warner chalks this up to a series of failures at the box office, the Disney+ streaming service, and the big political loss in Florida. Those are all contributing factors, but Disney+ is likely the main issue. And it may be that Iger’s efforts to cut $5.5 billion in spending may reflect a lack of confidence in the economy over the next several months. After all, Amazon just announced a second round of big layoffs in three months, and the tech sector continues to trim jobs. — Ed]