Disney plans to lay off 32,000 employees because of the coronavirus pandemic
On Wednesday, Disney’s filing to the US SEC revealed 4,000 layoffs not previously announced. In total, the company plans to lay off 32,000 workers by the end of March. As the pandemic has seriously affected the company’s parks and resorts business, Disney intends to cut 28,000 more jobs by September 2021. According to the company’s latest report, it employs around 223,000 people.
In other news, the stock market is continuing its upward trajectory with not a care in the world...😂
Boycott Disney
Not sure what to think about this, other than COVID and lockdowns screwing everything up.
These companies are using the covid issue to get even with trade unions and screw the average worker. They made billions every year that I can remember. Now they tell propl to go screw themselves. I hate Disney.
Score one for the Great Reset. "You'll own nothing and you'll be happy." Stay in your home, citizen. Virtual is better than the real thing.
Disney executives just keep getting greedier. You it's getting to the point where south park isn't a parody anylonger.
2010 Disney made 3.9 billion net, 2019 they made over 11 billion net. They could easily keep all their people and still make a profit.
I was just talking to my grandma who lives there about this. what they fail to mention is that the people being laid off are the 65+ crowd. They won't be employing any elderly anymore, and that's a lot of their best workers, and what's more, a lot of elderly live for their work - literally - elderly who retire fully are more likely to get sick or frail because they loose the exercise and incentive to live. This is not a good thing....
If the parks that are currently closed could open like some have to limited/reduced capacities, that would likely keep some of these jobs. Long-term lockdowns have dire economic consequences though.
Good let’s shut the world down ! You know if our “leaders” would attack other issues, like black on black crime, poverty, high medical cost (rather than how to pay it) , ethics in government etc.... there’s a real chance we could live in a better world. They won’t because they must keep us divided in order to rule. A world in which problems are solved is a world in which we have more time to watch them
Tourism is a dying industry.
This is the way.
Finally some good news.
Well the coronavirus can do one good thing, - please bankrupt Disney
Even though the main company for these businesses are still raking in cash, #gottaLuvTrickleDoenEconomics...
Or you could fire 2 or 3 execs and make a relief pension for 32k people with their salary and bonuses