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Disney layoffs increase to 32,000 as pandemic ravages theme park business

That quantity consists of the 28,000 employees Disney beforehand introduced would lose their jobs.

Regardless of important positive aspects in different areas of its leisure enterprise, Disney introduced extra folks will lose their jobs come 2021.

In an SEC submitting printed Wednesday night time, Disney stated one other 32,000 casts members might be laid off within the first half of fiscal 2021.

That quantity consists of the 28,000 employees the corporate beforehand introduced would lose their jobs. Many of the layoffs are from the corporate’s parks, experiences and merchandise division.

Whereas Walt Disney World in Florida and different parks worldwide have reopened, Disneyland in California has remained closed with no hints at reopening anytime quickly. And, parks which have reopened are working at round one-quarter of capability.

Disneyland Paris additionally just lately introduced it would not open for the Christmas season, however stay closed via February 2021.

Weeks in the past, Disney stated throughout an earnings name that the COVID-19 pandemic round $2.four billion in working earnings over the past quarter. Income for the parks, experiences and merchandise division fell 61% in that quarter to simply $2.6 billion.

“COVID-19 and measures to stop its unfold impacted our segments in plenty of methods, most importantly at Parks, Experiences and Merchandise the place our theme parks have been closed or working at considerably lowered capability for a good portion of the yr, cruise ship sailings and guided excursions have been suspended since late within the second quarter and retail shops have been closed for a good portion of the yr,” the corporate wrote within the SEC Submitting.

Disney employed about 203,000 folks as of early October — about 80 % full time and 20 % part-time employees. Round 155,000 solid members have been a part of the parks, expertise and merchandise division.

As of the top of final month, the full variety of pandemic-related job casualties at Walt Disney World in Florida is almost 18,000. 


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