• Matt Esnayra

Disney to lay off 28,000 workers at its theme parks in Anaheim & Orlando

After rumors swirling for weeks, the Walt Disney Company announced Tuesday they're intending to lay off 28,000 workers at both Disneyland Resort in Anaheim and Walt Disney World in Orlando, due to the financial impacts of the coronavirus pandemic and social distancing requirements, said in a statement.

Crash Course:

Disney closed its theme parks in March to slow the spread if the Coronavirus, Walt Disney World in Florida was able to open, but under limited capacity due to social distancing requirements and Disneyland Resort has remained closed. Chairman of Disney Parks, Josh D'Amaro, partially blames Sacramento saying, California's "unwillingness to lift restrictions that would allow Disneyland to reopen – we have made the very difficult decision to begin the process of reducing our workforce at our Parks."

  • Of the 28,000 employees set to be affected, about 67% are part-time workers.

  • Disney employs more than 100,000 at its U.S. theme parks — 32,000 at Disneyland and 77,000 at Disney World, per the OC Register.

  • Shares of the company fell less than 2% after the closing bell on Tuesday.

  • Disney also announced the postponement of the D23 Expo at the Anaheim Convention Center until 2022.

What they're saying:

Chairman of Disney Parks, Josh D'Amaro, wrote, "Over the past several months, we've been forced to make a number of necessary adjustments to our business, and as difficult as this decision is today, we believe that the steps we are taking will enable us to emerge a more effective and efficient operation when we return to normal."

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