Covid-19. Disney to lay off 28,000 workers in the United States – Observer

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Disney announced Tuesday that it will lay off about 28,000 workers from its amusement parks, cruises and other events in the United States due to the financial crisis caused by the Covid-19 pandemic.

The decision is due to “Covid-19’s prolonged impact” on the group’s business and “uncertainty over the duration of the pandemic,” the company explained in a statement. Disney lost over 4.2 billion dollars (3.6 billion euros) in the first half, due to the closure of amusement parks, due to the pandemic of the new coronavirus.

The crisis in this business segment opened by the pandemic was not offset by the entertainment conglomerate’s entry into the online entertainment market, with Disney +, the company said in August.

In the second quarter, losses totaled $ 4.7 billion, after gains of 475 million in the first quarter of the year and 1.4 billion year-on-year. At second quarter revenues fell 42%, to $ 11.7 billion.

The impact of the pandemic is particularly evident in the amusement park segment, whose turnover of less than $ 1 billion in the second quarter of this year compares with that of 6.6 billion in the same period last year.

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