Disney is increasing its layoffs to around 32,000 workers as the coronavirus pandemic continues to negatively affect the theme park industry.
The majority of these layoffs will be from its parks, experiences and products division and include the 28,000 workers that the company previously announced in September.
Prolonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to slim down its workforce. Earlier this month, Disney said the Covid-19 outbreak cost its parks, experiences and products segment around $2.4 billion in lost operating income during its fiscal fourth quarter. The segment saw revenue fall 61% to $2.6 billion.
Follow us on:
Romania's president Klaus Iohannis is expected to designate Prime Minister Marcel Ciolacu to form a…
Federal Government of Nigeria has declared public holidays to mark Christmas and New Year festivities…
IGP Egbetokun has ordered an investigation into Jimoh Abdulquadri’s death in police custody, promising justice…
Donald Trump has rejected suggestions that Elon Musk is the true influence behind the newly…
Tiger Woods' son Charlie has achieved his first golf hole-in-one during the final round of…
New Zealand has rejected the Cook Islands’ proposal for a separate passport, requiring full independence…