Walt Disney Co said it is cutting an additional 4,000 jobs, which will mostly impact its battered theme parks division.
In a Securities and Exchange Commission filing, Disney said it will lay off 32,000 by March 2021, after previously announcing 28,000 positions would go.
"Due to the current climate, including Covid-19 impacts, and changing environment in which we are operating, the Company has generated efficiencies in its staffing, including limiting hiring to critical business roles, furloughs and reductions-in-force," Disney said in the filing.
It said another 37,000 employees not scheduled to be laid off remain furloughed ‘as a result of Covid-19’s impact on our businesses.’
Walt Disney World reopened in July under strict capacity limits but Disneyland, the world’s second-most visited theme park, still remains closed.
Disney employs about 200,000 globally.
The theme parks posted a loss of $1.1 billion in its latest quarterly results
"Covid-19 and measures to prevent its spread impacted our segments in a number of ways, most significantly at Parks, Experiences and Products," the filing said.
Written by Ray Montgomery, US Editor
