Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Disney to lay off another 4,000 employees amid a pandemic

Disney to lay off another 4,000 employees amid a pandemic

Walt Disney Co. announces plans to cut another 4,000 staff, mainly due to effects of COVID-19 pandemic


1; Walt Disney Co. announced plans to lay off another 4,000 employees, mainly due to the effects of the COVID-19 pandemic.

The company’s announcement was made to the U.S. Securities and Exchange Commission earlier this week, which said 32,000 employees in the Parks, Experience and Products division will be laid off in the first half of fiscal 2021, which began last month.

By the end of September, the company had already announced plans to lay off 28,000 employees at the theme park. The company did not say how many of the additional 4,000 employees work in theme parks in California or Florida.

In an SEC document filed on the eve of Thanksgiving, the company said it had also released 37,000 employees who were not scheduled to quit as a result of the pandemic.

The company also said it could make more cost cuts such as reduced investment in film and television content and additional cuts and layoffs.

In Florida, the company limits attendance at its parks and changes protocols to allow for social distancing by limiting characters’ meetings and greetings.

Disney’s parks were closed in March when the pandemic began to spread to the United States. Parks in Florida opened in the summer, but parks in California have yet to reopen until state and local government approvals are approved.


A previous version of this report said 4,000 workers worked in the theme park department. But the figure includes employees in parks, experience and products.

Source link