The New Paper

September 30, 2020

Disney announces 28k layoffs due to coronavirus outbreak

Disney announced plans to lay off 28k people in its Parks, Experiences, and Products segment due to the “prolonged impact” of the coronavirus outbreak. The entertainment giant joins a growing list of companies to announce layoffs or major restructuring efforts amid the ongoing outbreak, including major airlines, retailers, hotel chains, and other travel and entertainment-related companies.

This story is from the September 30, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.