Disney to lay off 32,000 workers, mostly from theme parks

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So much for being the happiest place on earth.

The Walt Disney Company will be laying off about 32,000 workers, mostly from its theme parks, as the entertainment giant continues to struggle with a lack of customers amid the COVID-19 pandemic.

In September, the company said it would lay off 28,000 people — but that number jumped by 4,000 on Wednesday.

The cuts are expected to come in the first half of 2021, according to a Securities and Exchange Commission filing.

Workers from Disneyland in Southern California are being furloughed due to uncertainty over when the state will allow the parks to open amid new lockdowns and a surge of coronavirus cases in the area, the company announced earlier this month.

Florida’s theme park reopened earlier this year — with strict social distancing, testing and mask requirements — and didn’t see any major outbreaks.

In France, Disneyland Paris was forced to close for a second time in late October when the country shuttered many businesses to stave off a growing second wave of cases.

In Asia, theme parks in Shanghai, Hong Kong and Tokyo are open for business.

With Post wires

A Global Asset Management Seoul Korea Magazine

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