Disney Lays Off 28,000 Employees – E24



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Closed amusement parks and minimal attendance have made it difficult for the company during the corona pandemic.

Although some of the amusement parks have been opened, there are still significant infection control restrictions in the parks

TYRONE SIU / NTB Scanpix

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That’s why Disney has sent a letter to its employees stating that they need to cut 28,000 employees in the amusement park, experience and consumer segment.

CNBC has obtained access to the letter the company sent.

About 67 percent of employees will be employed part-time, writes CNBC.

Although theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been opened with strict infection control measures, the California park has remained closed.

The company has not commented which amusement parks are affected by the cuts.

The Walt Disney Company’s quarterly report, released in early August, showed that its new Disney + streaming service saved the company from sad numbers, even though turnover was nearly half.

The report showed that the company had sales of almost 11.8 billion during the April, May and June period. This was lower than the expectations of analysts who forecast a turnover of $ 12.37 billion.

Last year, the company had sales of $ 20.26 billion during the same period.

Disney said it had more than 100 million subscribers to its new streaming services, which include Disney +, Hulu and ESPN +.

The report said that the new streaming service Disney + has 60.5 million paying subscribers, while Hulu has 35.5 million and ESPN + reported 8.5 million subscribers.

Corona virus attacks Disney theme parks

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