Disney plans for 18,000 layoffs by end of 2020

Last month, the Walt Disney Co. revealed it was laying off 28,000 employees across its U.S. theme parks division, but the company wouldn’t break down exactly where the cuts were coming: Disneyland or Disney World?

New federally required government filings give more insight: Orlando’s numbers are much higher than California, where Disneyland remains closed because of the coronavirus pandemic.

Nearly 18,000 people are getting laid off in Florida, according to the report, or nearly a quarter of the resort’s Orlando workforce of 77,000 a year ago.

Read more at Orlando Sentinel


Comments

Post a Comment

Popular posts from this blog

Golden Gate Bridge district to lay off 146 employees instead of increasing tolls

The transit district that runs the Golden Gate Bridge, buses and ferries decided Friday to lay off 146 employees, mostly bus drivers, rather than pursuing an option to raise tolls on the bridge as it grapples with a looming budget crisis. The board of the Golden Gate Bridge, Highway and Transportation District voted 11-5 for the cuts, postponing them from Dec. 5 as originally proposed to Jan. 4 after the holidays. The district chose to make the cuts as it runs out of federal emergency funds at the end of this month that it has largely been using to pay its employees. The district needs to fill a $48 million shortfall this fiscal year. Read more at SF Chronicle
Read more

Lettuce Entertain You layoffs 1,045 at Chicago restaurants

Lettuce Entertain You Enterprises has informed state officials that it may lay off as many as 1,045 workers from 25 of its restaurants in Chicago and its suburbs. The news was made public last week by Illinois officials via its monthly WARN reports, a state summary of potential mass layoffs. COVID-19 was marked as the reason for the layoffs at each restaurant. Read more at Eater Chicago
Read more

WarnerMedia to cut costs by 20%, more than 1000 jobs might be lost

WarnerMedia will be facing a series of heavy layoffs as the company begins to consolidate its disparate branches into one larger entity. “Today, we have arrived at a number of difficult decisions that are resulting in a smaller WarnerMedia team. This is a function of removing layers and the impact of consolidating previously separate organizations. Starting today in North America, we will be sharing which jobs are being eliminated and which roles have changed.” These were the words of WarnerMedia CEO Jason Kilar in an email sent throughout the company. As reported by the Wall Street Journal, WarnerMedia is looking to cut costs by about 20%, which involves potential layoff numbers in the thousands. While sources indicate that the actual final result will not be as severe as reported, but will still affect around 5-7% of the workforce. Since the company's acquisition by AT&T, the restructuring aims to bring Warner Bros., HBO and Turner Broadcasting, which were once largely autono...
Read more