According to foreign media reports, affected by the epidemic, the Walt Disney Company plans to lay off 32,000 employees, mainly involving theme parks. The layoffs will take place in the first half of 2021.
In September of this year, there were reports that Disney would lay off approximately 28,000 employees. The company spokesperson revealed to the media that the 32,000 layoffs this time include the 28,000 previously announced.
In April of this year, affected by the epidemic, the Disney Company once announced “unpaid leave” for employees, which may involve up to 120,000 employees. With the gradual control of the epidemic globally, some Disney parks have begun to open, and some employees on vacation have also begun to return to their posts.
On November 12, the financial report released by the Disney Company showed that the company’s operating income for fiscal year 2020 was US$65.388 billion, a year-on-year decrease of 6%; net loss was US$2.864 billion, while net profit for fiscal year 2019 was US$11.054 billion.
Disney said that during the reporting period, the operating capacity of all reopened theme parks and resorts dropped significantly. The adverse impact of the new crown epidemic on the operating income of the theme park, experience and product business segments in the fourth quarter was approximately US$2.4 billion.