Disney increases planned layoffs to 32,000 as virus hits park attendance

(Reuters) - Walt Disney Co said on Wednesday it would lay off about 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.

Reuters November 27, 2020 00:06:20 IST
Disney increases planned layoffs to 32,000 as virus hits park attendance

Disney increases planned layoffs to 32000 as virus hits park attendance

(Reuters) - Walt Disney Co said on Wednesday it would lay off about 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.

A spokesman for Disney confirmed that the latest figures include the 28,000 layoffs announced earlier.

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.

(Corrects headline to remove reference to the coronavirus spreading in Disney's theme parks)

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Vinay Dwivedi)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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