Disney, the US multinational company that owns the Adventures theme park and the world’s largest entertainment company due to the global pandemic Coronavirus, has closed all its parks around the world and now Disney has lost business. It has decided to lay off 28,000 employees.
Disney is an American multinational company that runs a variety of entertainment, fashion, showbiz and online business companies and enterprises. The same company has launched Disneyland and Disney theme parks in the United States, Asia and Europe. There are also science fiction parks.
The Disney Company has a total of 11 parks in the United States, Asia and Europe, of which the park in Paris, the capital of the United States and the European country France, was closed immediately.
According to a CNN report, the job cuts will have an impact on Disney’s parks, experiments and products unit.
According to the company, 67% of those laid off will be part-time workers.
Disney’s Parks and Resorts division is thought to have more than 100,000 American employees.
Disney’s theme parks around the world have been hit hard by the global pandemic, and the first three months of 2020 saw a 91 per cent drop in profits.
Disney Parks chairman Josh D’Amaro said staff shortages were needed because of the long-term effects of the coronavirus on businesses.
He said that as difficult as it is to make that decision today, we are confident that the steps we are taking will hopefully help us in effective operation when we return to normal.
Josh D’Amaradded that Disney employees have always been instrumental in our success, they have played a valuable and important role in providing a world-class experience.
He further added that they look forward to seeing the opportunities that come our way.
At the same time, Josh D’Amaro partially blamed the damage on the US state of California for not lifting the sanctions that prevented Disneyland from opening.
Disney’s flagship resorts and Disneyland in California have been closed since March.