Disney to Layoff 32,000 Workers

Disney disclosed in their latest 10-K filing new downsizing plans which would increase the 28,000 layoffs announced in September to 32,000.

Disney disclosed in their latest 10-K filing new downsizing plans which would increase the 28,000 layoffs announced in September to 32,000.

According to the 10-K,  layoffs will begin in the first half of 2021a s the company struggles with limited customers due to the global COVID-19 pandemic.

“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,” said Disney.

Disney defended that the reduction of additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen compared to the Florida theme park which is already in operation. 

Disney added that the company considering additional measures like reducing its investments in film and TV content, halting capital spending, and furloughing more employees.

Aside from the impending 32,000, 37,000 Disney employees who are not slated to be terminated were on furlough as of Oct. 3.

Disney’s theme parks outside the US reopened earlier this year without seeing new major COVID-19 outbreaks but with strict social distancing, testing, and mask use.

Last month, Disneyland Paris was forced to close due to the country’s lockdown measures. 


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