Disney to cut 28,000 US employees due to coronavirus
Disney to cut 28,000 US employees due to coronavirus

New York (AFP) – Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.The cuts were needed in light of social distancing requirements, exacerbated by tough restrictions imposed by the California state government, the company said in a press release. About two-thirds of the affected employees are part-time staff.”Over the past several months, we’ve been forced to make a number of necessary adjustments to our business, and as difficult as this decision is today, …

Read More

HEDGE accordingly