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Walt Disney is slashing 28,000 jobs

by LLB Editor
30th Sep 20 8:20 am

Walt Disney is slashing 28,000 jobs from its theme park business in the wake of the coronavirus pandemic.

The entertainment company blamed limited attendance at the theme parks it has reopened and the continuing closure of others for the “difficult decision”.

“As you can imagine, a decision of this magnitude is not easy,” Josh D’Amaro, head of parks at Disney, wrote in the letter obtained by CNBC.

“For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company. We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity.”

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