Business

Disney slashes more than 30K jobs in 2020

By Spencer Neale
Published November 26, 2020 3:31pm ET
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Disney slashes more than 30K jobs in 2020
In this Jan. 9, 2019 photo, guests watch a show near a statue of Walt Disney and Micky Mouse in front of the Cinderella Castle at the Magic Kingdom at Walt Disney World in Lake Buena Vista, part of the Orlando area in Fla. | (John Raoux/AP)

The Walt Disney Co. announced it will lay off 32,000 employees, primarily in its theme parks, due to park closures arising from COVID-19.

The entertainment company announced the layoffs in a filing with the U.S. Securities and Exchange Commission on Wednesday, as health officials in the United States grapple with the spread of the disease as large parts of the country enter flu season.

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