Disney Will Lay Off 32,000 People in the First Half of 2021

Announcement comes in an SEC filing Wednesday

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Citing the COVID-19 pandemic as well as a “changing environment,” Disney announced Wednesday that it will lay off 32,000 employees in the first half of 2021, culled primarily from the company’s Theme Parks division. Disney has also confirmed that approximately 37,000 employees were furloughed as of Oct. 3.

“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. As part of these actions, the employment of approximately 32,000 employees primarily at Parks, Experiences and Products will terminate in the first half of fiscal 2021,” Disney said in a new SEC filing Wednesday. “Additionally, as of October 3, 2020, approximately 37,000 employees who are not scheduled for employment termination were on furlough as a result of COVID-19’s impact on our businesses.”

More to come…

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