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Walt Disney increases planned layoffs to 32,000 as coronavirus hits park attendance

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The layoffs will likely be within the first half of fiscal 2021, the corporate stated in a submitting with the Securities and Change Fee.

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Walt Disney Co stated on Wednesday it will lay off about 32,000 employees, primarily at its theme parks, a rise from the 28,000 it introduced in September, as the corporate struggles with restricted clients as a result of coronavirus (COVID-19) pandemic.

The layoffs will likely be within the first half of fiscal 2021, the corporate stated in a submitting with the Securities and Change Fee. A spokesman for Disney confirmed that the most recent figures embody the 28,000 layoffs introduced earlier.

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Earlier this month, Disney stated it was furloughing extra employees from its theme park in Southern California resulting from uncertainty over when the state would permit parks to reopen.

Disney’s theme parks in Florida and people exterior america reopened earlier this yr with out seeing new main coronavirus outbreaks however with strict social-distancing, testing and masks use.

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Disneyland Paris was compelled to shut once more late final month when France imposed a brand new lockdown to battle a second wave of the coronavirus instances. The corporate’s theme parks in Shanghai, Hong Kong and Tokyo stay open.



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