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Disney Layoffs Increase to 32,000 Due to Negative Effects of Covid-19 Pandemic

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

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.

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