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Disney expands layoffs, bringing total to 32,000 workers as theme parks take biggest hit from pandemic - Fox Business

Disney expands layoffs, bringing total to 32,000 workers as theme parks take biggest hit from pandemic - Fox Business

Disney expands layoffs, bringing total to 32,000 workers as theme parks take biggest hit from pandemic - Fox Business
Nov 26, 2020 52 secs

Market data provided by Factset.

is increasing the number of employees planned for early 2021 by some 4,000 – mostly in its theme parks – bringing the total to 32,000, as the entertainment giant continues to fight coronavirus closings and limits due to the pandemic.

In an SEC filing Wednesday, Disney revealed its plans for the expanded layoffs -- largely in the Disney Parks, Experiences and Products division.

Disney Parks, Experiences and Products accounted for $6.9 billion of those losses seeing little or no revenue from shuttered theme parks or attractions like Downtown Disney which features shopping and dining.

3, Disney employed approximately 203,000 people – about 155,000 of which worked in for Disney Parks, Experiences and Products. The global workforce was comprised of approximately 80% full time and 20% part-time employees, with nearly 1% of part-time workers being seasonal employees.

Production of most film and television content has been suspended since late in the second quarter, although some film and television production resumed in the fourth quarter, according to the filing.

Market data provided by Factset.

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