LOS ANGELES (Reuters) – Walt Disney Co (NYSE: DIS) said Tuesday that it will lay off approximately 28,000 employees, mostly in American theme parks, amid falling attendance due to the coronavirus pandemic.
Disney closed theme parks around the world earlier this year due to the spread of the coronavirus. All of the parks have now reopened except for Disneyland California, although the company was forced to cap visitor numbers to ensure social distancing.
“We made a very difficult decision to begin the downsizing process for Parks, Experiences and Products at all levels,” said Josh D'Amaro, chairman of the Parks division.
(Lisa Richwine; Translated by Caleb Davis. Editor Marina Bobrova)