Disney To Lay Off 32,000 Parks Employees In First Half Of 2021

Source: Unsplash 

Disney disclosed last night in a regulatory filing: "Due to the current climate, including COVID-19 impacts, and changing environment in which we are operating, the Company has generated efficiencies in its staffing, including limiting hiring to critical business roles, furloughs, and reductions-in-force.

As part of these actions, the employment of approximately 32,000 employees primarily at Parks, Experiences, and Products will terminate in the first half of fiscal 2021.

Additionally, as of October 3, 2020, approximately 37,000 employees who are not scheduled for employment termination were on furlough as a result of COVID-19's impact on our businesses."

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