Business

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

A logo of Walt Disney company is displayed on a monitor outside of the New York Stock Exchange.   | Photo Credit: Reuters

Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus (COVID-19) pandemic.

The layoffs will be in the first half of fiscal 2021, the company said in a filing with the Securities and Exchange Commission. A spokesman for Disney confirmed that the latest figures include the 28,000 layoffs announced earlier.

Earlier this month, Disney said it was furloughing additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen.

Disney’s theme parks in Florida and those outside the United States reopened earlier this year without seeing new major coronavirus outbreaks but with strict social-distancing, testing and mask use.

Disneyland Paris was forced to close again late last month when France imposed a new lockdown to fight a second wave of the coronavirus cases. The company’s theme parks in Shanghai, Hong Kong and Tokyo remain open.

Related Topics
This article is closed for comments.
Please Email the Editor

Printable version | Jan 17, 2021 6:02:57 AM | https://www.thehindu.com/business/walt-disney-increases-planned-layoffs-to-32000-as-coronavirus-hits-park-attendance/article33193046.ece

Next Story