financetom
Business
financetom
/
Business
/
Disney to layoff about 32,000 workers in first half of 2021
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Disney to layoff about 32,000 workers in first half of 2021
Nov 26, 2020 3:32 AM

Walt Disney Co said on Wednesday it would layoff 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 pandemic. The layoffs will be in the first half of 2021, the company said in a filing with the Securities and Exchange Commission.

Share Market Live

NSE

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.

Disney did not respond to a Reuters request for comment on whether the 28,000 layoffs announced earlier were included in the latest figure, but a spokesperson for the company confirmed to Variety that the figure includes the previously announced number.

First Published:Nov 26, 2020 12:32 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fast-fashion retailer Forever 21 files for bankruptcy
Fast-fashion retailer Forever 21 files for bankruptcy
Mar 16, 2025
(Reuters) - Fast-fashion retailer Forever 21's U.S. operating company on Sunday filed for bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online retailers. ...
MELANIA Surges 6% After Whale With 40x Short Bet On Bitcoin Goes Long On First Lady's Memecoin
MELANIA Surges 6% After Whale With 40x Short Bet On Bitcoin Goes Long On First Lady's Memecoin
Mar 16, 2025
Official Melania (CRYPTO: MELANIA) dramatically spiked on Sunday after a whale opened a five-fold leveraged long position in the meme coin. What happened: The official cryptocurrency of First Lady Melania Trump jumped 6.29% over the previous day, while its trading volume more than tripled to $35 million. The cryptocurrency outperformed Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE)...
US meat exports at risk as China lets registrations lapse
US meat exports at risk as China lets registrations lapse
Mar 16, 2025
BEIJING, March 17 (Reuters) - Export registrations for more than 1,000 U.S. meat plants granted by China under the 2020 Phase 1 trade deal lapsed on Sunday, China's customs website showed, threatening U.S. exports to the world's largest buyer amid an ongoing tariff standoff. The registration status for pork, beef and poultry plants across the U.S., including major producers Tyson...
China looks to boost consumption amid consumer squeeze
China looks to boost consumption amid consumer squeeze
Mar 16, 2025
HONG KONG (Reuters) -China's State Council unveiled on Sunday what it called a special action plan to boost domestic consumption, featuring measures including increasing residents' income and establishing a childcare subsidy scheme. The plan comes as levels of consumer demand in China have suffered various setbacks in recent years, due to factors such as COVID-19 disruptions and a prolonged property...
Copyright 2023-2026 - www.financetom.com All Rights Reserved