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Disney Increases Layoffs For 2021 As The Pandemic Continues To Surge Humbling Theme Parks

By John F. Heerdink, Jr.

As per reports, The Walt Disney Company (DIS) increased the number of layoffs at its theme parks from 28,000 to 32,000 as the company struggles with limited customers caused by the coronavirus pandemic. The layoff will take place in the first half of 2021 and will primarily be from its parks, experiences, and products division.

Disney’s theme parks in Florida and those outside the United States reopened earlier this year following strict social distancing, testing, and mandatory mask use. Earlier this month, Disney announced that it was furloughing additional workers from its theme park in Southern California due to uncertainty over the reopening of parks.

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Disney to lay off about 32,000 workers in first half of 2021 in Reuters)


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