Business
Walt Disney sheds 28,000 jobs at theme parks as pandemic bites – The Guardian
Company blames limited attendance at reopened parks after posting $4.72bn loss in second quarter
Walt Disney announced it was laying off 28,000 employees from its theme park business on Tuesday, the latest company to announce huge jobs cuts in the wake of the coronavirus pandemic.
The entertainment company blamed limited attendance at the theme parks it has reopened and the continuing closure of others for the difficult decision.
As you can imagine, a decision of this magnitude is not easy, Josh DAmaro, head of parks at Disney, wrote in the letter obtained by CNBC.
For the last several m…
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