Walt Disney has introduced it’ll lay off 28,000 workers, largely at its US theme parks.
Disney cited the parks’ restricted customer capability and uncertainty about how lengthy the coronavirus pandemic would final as causes for the layoffs.
The firm’s theme parks have taken a serious hit from the pandemic.
Disney shut all its parks earlier this 12 months because the virus unfold, however solely Disneyland in California stays closed.
“We have made the very difficult decision to begin the process of reducing our workforce at our Parks, Experiences and Products segment at all levels,” Josh D’Amaro, chairman of the parks unit, stated in an announcement.
The layoffs apply to “domestic employees” of which about 67% are part-time.
Disney additionally has parks in Shanghai, Hong Kong, Tokyo and Paris, which aren’t affected by the announcement.
Hong Kong Disney reopened final week after shutting down for a second time in July because of a spike in Covid-19 circumstances.
Except for Disneyland in California, the entire firm’s parks have now reopened, though customer numbers are restricted to permit for social distancing.
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Disney misplaced $4.7bn (£3.6bn) within the three months to 27 June, with revenues for its Parks, Experiences and Products division plummeting 85% in comparison with the identical quarter in 2019.
Mr D’Amaro stated the corporate’s issues have been “exacerbated in California by the state’s unwillingness to lift restrictions that would allow Disneyland to reopen.”
Disney has been working to influence California to permit the corporate to reopen Disneyland.
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