Disney to lay off thousands more workers as COVID-19 pandemic continues, new filing reveals
ORLANDO, Fla. – Disney is laying off thousands more workers than initially expected, according to a new Securities and Exchange Commission filing. Since the COVID-19 pandemic began in March, Disney has lost billions of dollars in revenue as its parks and resorts were shut down for months. Walt Disney Co. reported fiscal fourth-quarter loss earlier this month thanks largely to changes related to the COVID-19 pandemic. The shuttered attractions also forced more than 70,000 Disney workers to be furloughed for months, with only some returning to work with the parks’ phased reopenings. The latest round of Disney layoffs comes one week after Universal Orlando officials said more than 1,000 of its team members are facing layoffs.