Disney Corporation has announced it will lay off 28,000 employees, about a quarter of the workforce at its Disney’s Parks, Experiences and Products unit, with two-thirds of the layoffs being part-time or seasonal workers, CNN reports.
Disney reported profits are down 91% since the beginning of the year as the coronavirus outbreak has impacted hospitality, tourism and travel. Disneyland and California Adventure, the company’s flagship resorts in California, have been closed since March.
“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,” Josh D’Amaro, the chairman of Disney Parks said in a statement.
This round of layoffs comes just two weeks after Disney announced the layoff of 1,100 workers from the Swan and Dolphin Resort in Orlando, Florida.