BackDisney to lay off 4,000 more at California, Florida parks
The company announced in a US Securities and Exchange Commission filing earlier this week, saying 32,000 employees will be terminated in the first half of fiscal year 2021The company also said they may make more cuts in spending such as reducing film and television content investments
PremiumThe Walt Disney Co. announced plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic's effect on the industry.
The announcement by the company was made in a US Securities and Exchange Commission filing earlier this week, saying 32,000 employees will be terminated in the first half of fiscal year 2021, which began last month. In late September, the company had already announced plants to terminate 28,000 theme park workers.
In the SEC document filed on the eve of Thanksgiving Day, the company said it also put 37,000 employees not scheduled for termination on furlough as a result of the pandemic.
“Due to the current climate, including COVID-19 impacts, and changing environment in which we are operating, the company has generated efficiencies in its staffing, including limiting hiring to critical business roles, furloughs and reductions-in-force," the document said.
The company also said they may make more cuts in spending such as reducing film and television content investments and additional furloughs and layoffs.
In Florida, the company has been limiting attendance at its parks and changing protocols to allow for social distancing by limiting characters' meet and greets.
The company has not specified the number of workers that would be affected in its Orlando theme parks.
Disney’s parks closed in March as the pandemic started spreading in the US. The Florida parks reopened in the summer, but the California parks have yet to reopen pending state and local government approvals.
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This story has been published from a wire agency feed without modifications to the text.
