Disney Furlough Notices Start Flying
Few companies have been harder hit by the COVID-19 pandemic than Walt Disney. Its theme parks are closed, cruise ships dry docked, movie releases postponed and stage musicals canceled.
Now come the furloughs. Disney reportedly is temporarily laying off 30,000 people in Anaheim (Disneyland, California Adventure, three hotels, and Downtown Disney) as of this Sunday.
Another 43,000 will be furloughed from Disney World in Orlando.
Theme parks account for nearly half of Disney’s profits.
Disney says it’s taking theme park reservations after June 1, but some analysts say the parks may not reopen until 2021.