Disney Has Upped The Number Of Layoffs

November 28. 2020

And the lay offs continue in Hollywood in the wake of the coronavirus pandemic (Covid-19). Hollywood has lost billions of dollars due to the coronavirus outbreak that has swept America. Tens of thousands of people have been laid off in Hollywood.

Now Disney has announced it is laying off 32,000 people, as sales have plummeted. In September the company had announced they would lay off 28,000 people. However, Disney's financial picture has become more grim, leading the company to up the layoff figure to 32,000. Disney currently has 37,000 employees on furlough due to the virus. Furlough is

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Disney to Lay Off 32,000 People in the First Half of 2021

In an update from projections announced in September, Disney announced Wednesday that it will lay off 32,000 employees in the first half of 2021, culled primarily from the company’s theme parks division. Disney has also confirmed that approximately 37,000 employees were furloughed as of Oct. 3. Originally, the company projected in September that it would cut 28,000 jobs in its theme parks division.

“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,” Disney said in a new SEC filing Wednesday. “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.”...