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Walt Disney to Lay Off 32,000 Workers as Covid-19 Closes Theme Parks

Walt Disney Co. is planning to layoff 32,000 employees, primarily at its theme parks, as the coronavirus continues to hit the entertainment company’s businesses hard.

Disney announced 28,000 job cuts in September and it expects to terminate its employees’ contracts in the first half of fiscal 2021.

Disney warned that it could take additional…

This post first appeared on wsj.com



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