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. 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.
The pandemic has slammed Disney’s parks business, which has more than 100,000 employees in the United States. The company has also been forced to suspend cruise ship sailings and delay major film releases, such as “Black Widow”, which was expected to be one of the year’s biggest blockbusters.