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Disney Laying Off 28-Thousand Workers In SoCal

FILE - In this March 16, 2020, file photo, the entrance to the parking lot at the Magic Kingdom at Walt Disney World is closed in Lake Buena Vista, Fla. Squeezed by limits on attendance at its theme parks and other restrictions due to the pandemic, The Walt Disney Co. said Tuesday, Sept. 29, 2020, it planned to lay off 28,000 workers in its parks division in California and Florida. (AP Photo/John Raoux, File)

With its Southern California theme parks forced to close by the government, Disney is laying off 28-thousand employees due to prolonged coronavirus closures.

The layoffs will come from across its parks, experiences, and consumer products divisions.

Disney’s head of parks, Josh D’Amaro, said approximately two-thirds of the workers are part-time employees.

The company’s shares fell less than two percent at the closing bell on Wall Street Tuesday.

 

FILE – In this March 16, 2020, file photo, the entrance to the parking lot at the Magic Kingdom at Walt Disney World is closed in Lake Buena Vista, Fla. Squeezed by limits on attendance at its theme parks and other restrictions due to the pandemic, The Walt Disney Co. said Tuesday, Sept. 29, 2020, it planned to lay off 28,000 workers in its parks division in California and Florida. (AP Photo/John Raoux, File)

 

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