The Walt Disney Co. said it will lay off 28,000in the company’s California and Florida theme parks as it moves to recover from a sharp financial blow caused by the coronavirus pandemic.
Disney World and Anaheim’s Disneyland closed in March as COVID-19 cases soared nationwide and state officials in California and Florida ordered businesses to temporarily shutter. Disney lost an estimated $500 million for every two weeks the attractions were shuttered, Chief Financial Officer Christine McCarthy said in May. Disney World reopened to limited capacity in July, but Disneyland remains closed under California state orders.
Disney Parks Chairman Josh D’Amaro said a closed Disneyland is partly to blame for impending layoffs. In a statement, D’Amaro said that roughly two-thirds of the workers who will lose their jobs work part-time.
“Over the past several months, we’ve been forced to make a number of necessary adjustments to our business,”