The pandemic drove Disney revenue down by 42% from 2019 for the three months ending in June. But the company’s streaming services have 100 million subscribers, including 60.5 million for Disney+.Josh D’Amaro, chairman of Disney’s parks, experiences and products segment, called the decision “heartbreaking” in a memo to staff.
“For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company,” D’Amaro said. “We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity.
The push echoed a news conference last week by Orange County officials, business owners and tourism industry leaders urging the state to adopt policies that would allow the resurgence of Disney parks, as well as Knott’s Berry Farm, arguing that closures had hammered the local economy.The layoffs at Disney are the latest example of how severely the pandemic has damaged the economy, particularly in key California industries such as tourism. An estimated 31,000 people work at Disneyland Resort.
When the state of CA will not allow you to operate, they cost people & businesses thr livelihood
👍👍👍👍👍👍👍👍👍👍👍👍👍GREAT JOB NEWSOM YOUR MY HERO U PENIS HEAD
I thought that guy standing next to me at the EDD looked Goofy.
Newsom should be ashamed of himself. But moron Democrats will blindly vote anyone in with that big fat D next to their name.
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