New York: Disney announced Tuesday that it would eliminate 28,000 jobs in its U. S. Parks and Experiences division. Highlighting the fall in the coronavirus call and uncertainty about when it will resume.
The cuts were due to social estating requirements, exacerbated by strict restrictions imposed by the California state government, the company said in a press release.
Approximately two-thirds of the workers affected are part-time workers.
“In recent months, we have been forced to make a number of mandatory changes to our business, and as complicated as this resolution is today, we believe that the steps we are taking will allow us to emerge a more effective and effective business. we’re back to normal,” said Josh D’Amaro, President of Disney Parks, Experiences and Products.
The move follows Disney’s loss of $4. 7 billion (17. 3 billion dirhams) in the last quarter, reflecting a blow to its theme park and the derailment or postponement of primary film releases.
These negative effects were offset by the growing demand for the streaming service “Disney”, where he directed the premieres of “Mulan” and “Hamilton”.
Disney shares fell 1. 5% to $123. 57 after hours.
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