32,000 employees have to go: Disney is laying off 15 percent of the workforce

Source: Heise.de added 28th Nov 2020

  • 32,000-employees-have-to-go:-disney-is-laying-off-15-percent-of-the-workforce

Disney does not want to worldwide due to the corona crisis 28. 000, rather 32.000 Dismissed employees, 37. 000 others are on compulsory leave. The US entertainment group announced this to the US stock exchange regulator and is drawing even more drastic consequences from the consequences of the corona pandemic.

The before Employees who have been laid off work in the amusement parks, which attract significantly fewer visitors even after the mandatory closings have ended. Disney currently has around 203. 000 employees worldwide, so wants more than 15 Percent of the workforce terminate by the first half of the year 2021.

Immense sales losses due to Corona Disney’s media empire was hit particularly hard by the corona virus and the restrictions on public life around the world, around the world were about Amusement parks and cinemas closed – in California the parks are not yet open again. And even after the toughest restrictions have ended, visitors are still not back in numbers, as they were in the past. The bright spot in the group is currently the streaming service Disney +, which has recently moved up in the group hierarchy. Together with the ESPN + and Hulu offers, Disney now wants to focus on this.

As the group explains, Disney + has also been available in Latin America since November, different states in East Asia should be able to use the offer 2021. The streaming service was made available for several European countries in September. Disney + had nearly 74 million users in early October, ESPN + over 10 million and Hulu nearly 37 millions. Nevertheless, the group had recently reported a loss of sales of 23 percent. Only the classic cable division and the film studios made a profit.

(mho)

Read the full article at Heise.de

brands: Disney  Empire  
media: Heise.de  

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