Disney planning to cut 4,000 more jobs than previously disclosed
Updated: 10:37 AM EST Nov 26, 2020
In a recent filing with the Securities and Exchange Commission, Disney revealed that it plans to lay off another 4,000 employees by March 2021. According to the new SEC filing, Disney is set to lay off a total of 32,000 employees by March of next year. That’s 4,000 more employees then they first reported would be laid off back in September.The additional layoffs will impact people who work within the Parks, Experiences and Products segment.Most of the layoffs will be people who work at the theme parks in Central Florida and at Disneyland in California.All 12 of Disney’s parks in North America, Asia and Europe were closed between March and May. While Disney has since reopened theme parks in Shanghai and Florida, its flagship park in California will remain shut at least until the end of 2020. Disneyland Paris was forced to close again late last month when France imposed a second nationwide lockdown.
LAKE BUENA VISTA, Fla. —
In a recent filing with the Securities and Exchange Commission, Disney revealed that it plans to lay off another 4,000 employees by March 2021.
According to the new SEC filing, Disney is set to lay off a total of 32,000 employees by March of next year. That’s 4,000 more employees then they first reported would be laid off back in September.
The additional layoffs will impact people who work within the Parks, Experiences and Products segment.
Most of the layoffs will be people who work at the theme parks in Central Florida and at Disneyland in California.
All 12 of Disney’s parks in North America, Asia and Europe were closed between March and May.
While Disney has since reopened theme parks in Shanghai and Florida, its flagship park in California will remain shut at least until the end of 2020.
Disneyland Paris was forced to close again late last month when France imposed a second nationwide lockdown.