Pandemic hits theme parks, Disney adds people to the layoff

On Wednesday at a Securities and Exchange Commission filing, Disney disclosed the plans for its expanded layoffs largely in the Disney Parks, Experiences, and Products division. Earlier in September, the entertainment company said it would decrease the manpower by 28,000 people.

Disney increased the number by 4,000 for early 2021 as it is fighting the virus and the pandemic. Mostly the layoffs will hit the company’s parks division. Also, the net unfavorable impact of COVID-19 on its full-year segment operating income across all of its businesses was approximately calculated to be $7.4 billion. Not long ago, Downtown Disney in California reopened with new restrictions.

Walt Disney World reopened in Orlando, Florida, in July, after a series of safety overhauls including limited capacity. Also, the company’s theme park in Paris reopened but was forced to shut down again last month when France ordered a new lockdown as COVID-19 cases surged again in Europe.

Its studio entertainment sector has delayed, or in some scenarios, shortened or canceled, theatrical releases, which also means moving many of its titles like Mulan to the streaming service. Its Broadway productions have been suspended since late in the second quarter.

More from Entertainment – News Landed

+ 10 interesting facts about dogs you probably didn’t know
+ Taylor Swift talks about her album ‘Folklore’, revealing the co-writer to be Joe Alwyn

+ Finch and Smith’s tons give Australia 1-0 lead in the ODI series
+ Hydrogen from algae – A big step towards green energy generation green

Related Stories

Have a look at the new Disney Plus updates

Walt Disney's OTT platform Disney+ has released a bunch of updates regarding the services of its platform. From animation...

AMC Head Honcho’s thoughts on Mulan streaming directly on Disney+

Mulan is an American action drama produced by Walt Disney Pictures. It is a live-action adaptation of the Chinese...

Featured Stories

North Korea’s nuclear test sparks conflict

The United States of America, Japan, and South Korea have collaborated to pressurize "North Korea's nuclear and ballistic missiles...

The molecular underpinning of stem cells to form the kidney seeks attention by the scientists

The mammalian kidney is a distinctive organ, that evolves on basis of an interplay between epithelial and mesenchymal tissues....

Nike blocks all sales and gets a restraining order against rapper Lil Nas X’s ‘Satan Shoes’

Nike has quite literally fought against the devil, trying to get the 'Satan Shoes' to be stopped from being...

Discovery of a new type of black hole bridges the gap between Stellar and Supermassive black holes

A black hole is a region in space where gravity is so strong that no particles, including electromagnetic radiation,...

Goldilock protein which sets for proper immune response remains known, researchers say

There are certainly a lot of abnormal actions produced by the immune cells. It can be of any autoimmune...

A golden mask discovered in China dating back 3 thousand years

A number of Chinese archaeologists have been able to find an archaeological discovery described as historical, while they are...