Walt Disney Co. is announcing plans to lay off 4,000 more employees, largely due to the impact of the COVID-19 epidemic.
Orlando, Fla. – Walt Disney Co. has announced that 4,000 more employees will be laid off, largely due to the effects of the COVID-19 epidemic.
The announcement was filed by the company with the U.S. Securities and Exchange Commission earlier this week, stating that 32,000 employees in the Parks, Experiences and Products department would be laid off in the first half of fiscal year 2021, which began last month.
In late September, the company announced plans to lay off 28,000 theme park workers. The company did not say how many additional 4,000 employees work in California or Florida theme parks.
In an SEC document filed on the eve of Thanksgiving Day, the company said it had not scheduled 37,000 employees to terminate on furlough as a result of the epidemic.
The documentary states, “Due to the current environment, including the COVID-19 effects and the changing environment in which we operate, the company has also generated the efficiency of its employees, including implementation limitations in critical business roles, furloughs and reductions.” Said.
The company also said it could further reduce costs such as investing in film and television content and reducing additional furloughs and layoffs.
In Florida, the company is limiting attendance at its parks and changing protocols to allow social distance by limiting meeting and greeting of characters.
Disney’s parks were closed in March because U.S. The epidemic began in Florida’s parks reopened in the summer, but California parks have pending state and local government approvals to reopen.
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An earlier version of the report said 4,000 workers were employed in the theme parks department. But the figure includes employees of parks, experiences and products.
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