Business • Economy

Disney to lay off 28,000 employees as Covid-19 affects its theme park business

In a memo sent to employees on Tuesday, Disney announced it would lay off 28,000 employees across its parks, experiences and consumer products segment. Around 67% of the laid-off workers were part-time employees.

The company blamed prolonged closures and capacity limits at open parks for the layoffs. While Disney's theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been able to reopen with limited capacity, both California theme parks have remained shuttered.

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