Disney Parks Cut Labor Force by 28,000 Amid Difficult Recovery
Disney theme parks are becoming a small world after all as the company announces a massive round of layoffs to its part-time employees. According to the BBC, Disney lost 4.7 billion dollars in revenue in just three months of being closed due to the coronavirus pandemic. The layoffs apply to Disney’s US based parks in California and Florida. The Orlando parks have reopened to low attendance numbers, while the Anaheim based Disneyland is still shuttered. Disney cites uncertainty over how long the pandemic will last as the reason behind the round of layoffs.
On this Business Casual snippet, hosts Daniel Litwin and Tyler Kern ponder what this announcement could signal for the future of theme parks in general. As COVID-19 continues to be a real threat, could Disney have done anything to avoid this?
- Disney’s parks lay off thousands of part-time and full-time employees to combat a sluggish recovery.
- The theme parks struggle to earn revenue as gathering in large groups continues to be a concern under COVID.
- Will Disney’s theme parks find more stable footing and rehire any of its lost labor?
For the latest news, videos, and podcasts in the Sports & Entertainment Industry, be sure to subscribe to our industry publication.
Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
The Importance of Legal Counsel to Major League Organizations
Live sporting events continue to be at the forefront of entertainment in America year after year. Between enthused fans, good food and drinks, and anticipation for record-breaking moments, the ambiance of a stadium on a game day is unmatched. However, behind the scenes of our beloved stadiums and sports traditions lies term sheets and contracts […]
The Divergence Between Stocks and Bonds & Emerging Market Trends
As the world of investing continues to evolve, it’s crucial for industry leaders to keep pace with the shifting landscape. One particular topic gaining traction is the divergence between stocks and bonds – an economic paradox affecting portfolios worldwide. Recent data shows that traditional investment strategies, like the 60-40 portfolio (60% in stocks and 40% […]
The Main Course: The Power of Restaurant Narrative in Staffing
Not every restaurant makes an effort to fully integrate its customer into the experience of eating and enjoying their food. But for those looking for a unique dining experience, plenty of such establishments present unique restaurant narratives. What sort of restaurants emphasize storytelling in their dining, and how do they handle staffing? On this […]