An employee cleans the grounds behind the closed gates of Disneyland Park on March 14, 2020, on the first day of the closure of the Disneyland and Disney California Adventure theme parks in Anaheim, California.
David MCNEW | AFP | Getty Images
Disney is expanding its layoffs to about 32,000 workers as the coronovirus epidemic continues to keep the theme park industry going.
In an SEC filing published on Wednesday, the company revealed that thousands of employees would be laid off in the first half of fiscal year 2021. Most of these layoffs will be from its parks, experiences and products division and will include the company’s 28,000 employees. First announced in September.
Disney’s prolonged closure at California-based theme parks and limited presence at its open parks have forced the company to slow down its workforce. In addition, as of 3 October, approximately 37,000 employees who were not expected to be laid off were on furlough.
As of October 3, Disney employed about 203,000 people, with its global workforce comprising about 80% of full-time workers and 20% of part-time employees. Of its total workforce, approximately 155,000 employees work as part of parks, experiences and product segments.
The division includes all of Disney’s domestic and international theme parks as well as its resorts, cruise lines, and merchandising.
Earlier this month, Disney said that the Kovid-19 outbreak cost around $ 2.4 billion in its parks, experiences and products segment, which lost lost operating income during its fourth quarter. The segment saw 61% to $ 2.6 billion in revenue.
In the fiscal second quarter, the company was reported to have lost $ 1 billion in operating income due to the epidemic, and in the fiscal third quarter, the epidemic cut its operating income by $ 3.5 billion.
All theme parks in California remain closed, as state guidelines prohibit the reopening until coronovirus cases in counties fall below 1 per 100,000 – a goal that matters as a whole nationwide. It will be difficult to achieve in
As of Wednesday, Orange County, where Disneyland’s two California parks are located, is seeing 20.2 cases per 100,000 people.