InvestorQ : Why is Walt Disney laying off so much of its staff in the US?
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Why is Walt Disney laying off so much of its staff in the US?

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Priyanka N answered.
6 months ago
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Walt Disney will lay off another 4000 workers in its theme parks in California and Florida on account of the impact of the COVID-19 pandemic. A total of 32,000 employees are likely to be terminated from services by the end June 2021. In addition, another 37,000 employees will be put on furlough although they will not be terminated from services.

Due to COVID-19 and the emerging tough operating environment, Disney had been working on generating operating efficiencies limiting its dependence on staff only for critical roles. Disney will also explore more cuts in spending in areas like reducing film and television content investments and even publicity costs.

The pressure is visible in theme parks as they have bene forced to limit attendance to comply with safety protocols and allow social distancing.

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