Disney Begins Layoffs Across Theme Parks and Resorts Division Due to Pandemic Impact

source: WDW News Today Disney has reportedly started the first round of layoffs in its plan to cut 7,000 employees across its theme parks and resorts division. Here's what we know about the situation.

Details of the Layoffs

According to reports, Disney has started the first round of layoffs, which will affect executives and salaried employees across its theme parks and resorts division. The company has not disclosed how many employees will be affected by the layoffs or which specific departments will be impacted.

Reason for the Layoffs

Disney has cited the ongoing impacts of the COVID-19 pandemic as the reason for the layoffs. The company's theme parks and resorts division has been hit hard by the pandemic, with attendance and revenue significantly impacted due to reduced capacity and travel restrictions.

Previous Cost-Cutting Measures

The current round of layoffs is not the first cost-cutting measure that Disney has taken in response to the pandemic. The company previously furloughed thousands of employees and implemented pay cuts for executives and salaried employees. [caption id="attachment_130636" align="aligncenter" width="1200"] source: News Channel 10[/caption]

Impact on Employees and the Industry

The layoffs at Disney could have a significant impact on affected employees, as well as the wider theme park and resort industry. With reduced capacity and lower attendance, many theme parks and resorts have struggled to stay afloat during the pandemic, and the continued layoffs at Disney may signal further challenges for the industry as a whole.