Walt Disney Company Plans To Cut 32,000 Jobs Following Coronavirus-Related Park Closures

US media and entertainment conglomerate, the Walt Disney Company, has announced that it will look to cut 32,000 jobs in the first half of the 2021 fiscal year, 4,000 more than previously announced, as the COVID-19 pandemic continues to decimate the theme park industry
MOSCOW (UrduPoint News / Sputnik - 26th November, 2020) US media and entertainment conglomerate, the Walt Disney Company, has announced that it will look to cut 32,000 jobs in the first half of the 2021 fiscal year, 4,000 more than previously announced, as the COVID-19 pandemic continues to decimate the theme park industry.

"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," the Walt Disney Company said in a Securities and Exchange Commission filing that was published on Wednesday evening.

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