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?
KEY POINTS:
- 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?
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