Disney to Cut 28,000 Jobs in One of Biggest Layoffs of Covid Era
- Parks chief says California shutdown makes situation worse
- The cuts range from executives to part-time employees
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Walt Disney Co. is slashing 28,000 workers in its slumping U.S. resort business, marking one of the deepest workforce reductions of the Covid-19 era.
The belt-tightening move affects the company’s theme-park, cruise-line and retail businesses, Disney said on Tuesday. That includes executives and salaried employees, although 67% of those being terminated are part-time workers. Disney is offering benefits to the workers being eliminated, including 90 days of job-placement services.