Disney Shares Slump On Plans to Cut 28,000 Jobs As Coronavirus Closes Theme Parks Around the World



a store front at night: Disney Shares Slump On Plans to Cut 28,000 Jobs As Coronavirus Closes Theme Parks Around the World


© TheStreet
Disney Shares Slump On Plans to Cut 28,000 Jobs As Coronavirus Closes Theme Parks Around the World

Walt Disney Co. shares slumped lower Wednesday after the entertainment giant said it would lay off tens of thousands of workers at its theme parks.

Disney said around 28,000 people will be affected by the decision, most of them part-time workers, following the closure of theme parks in California, and limited

Read More

Disney Shares Slump On Plans to Cut 28,000 Theme Park Jobs

Walt Disney Co.  (DIS) – Get Report shares slumped lower Wednesday after the entertainment giant said it would lay off tens of thousands of workers at its theme parks.

Disney said around 28,000 people will be affected by the decision, most of them part-time workers, following the closure of theme parks in California, and limited capacity elsewhere as a result of the global coronavirus pandemic. Third quarter revenues

Read More

New jobless claims level off, but cuts keep hitting hotels, theme parks

The long tail of economic stabilization remains relatively flat as the number of Americans filing new unemployment claims last week stayed about the same as the week before.



a man standing in a room: Josh Wheeler, 19, of Valrico, fills out an employment form Wednesday before his interview at the Hard Rock Event Center at the Seminole Hard Rock Hotel and Casino in Tampa. The business was hiring housekeepers at the job fair, one of several it's holding during this week to fill positions throughout the property.


© SCOTT KEELER/Times/Tampa Bay Times/TNS
Josh Wheeler, 19, of Valrico, fills out an employment form Wednesday before his interview at the Hard Rock Event Center at the Seminole Hard Rock Hotel and Casino in Tampa. The business was hiring housekeepers at the

Read More