The Most Miserable Place On Earth: Disney Firing 28,000 Workers


In what may be the biggest mass layoff in recent history, after the market close Walt Disney unveiled its transformation to the most miserable place on earth, announcing that it would lay off 28,000 workers in its U.S. resort business, in the latest confirmation that the covid pandemic continues to devastate all tourism and communal experiences.

“As heartbreaking as it is to take this action, this is the only feasible option we have in light of the prolonged impact of Covid-19 on our business,” Josh D’Amaro, the chairman of the parks division, said in a memo to workers.

The cuts span across the company’s various businesses including theme parks, cruise ships and retail businesses, Disney said on Tuesday. While the layoffs also include executive, they are focusing on part-time workers: 67% of those getting a pink slip are part-time workers.

As part of its farewell package, Disney will offer benefits to the workers being cut, including 90 days of severance.

The mass layoffs follow the furloughing of a massive 43,000 workers in April, when the company was first impacted by the covid pandemic. – READ MORE

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