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Thursday, November 26, 2020

Disney increases number of planned layoffs to 32,000 employees

https://www.kitv.com/story/42968543/disney-increases-number-of-planned-layoffs-to-32000-employees 


Walt Disney Co. is planning to shed 32,000 employees by the end of March — 4,000 more than previously announced — as the coronavirus pandemic continues to hammer its parks and resorts business.

The additional layoffs were disclosed in a filing to the US Securities and Exchange Commission on Wednesday. Disney employs around 223,000 people, according to its most recent annual report. It had already announced plans to cut about 28,000 jobs in September.

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