Orlando, FL — Disney World, like many other businesses across the nation, is experiencing hardships during the coronavirus pandemic. On Wednesday, the company announced that they would be laying off more workers well into 2021.
Disney plans to lay off nearly 32,000 employees, primarily from the “Park, Experiences, and Products” departments according to the 10-K form that they filed, Fox 13 reported.
Disney World parks in Orlando reopened in July. https://t.co/eKrm23ZJPf
— FOX 13 Tampa Bay (@FOX13News) November 26, 2020
Disney had previously announced in September that they would be laying off 28,000 of their workers. Their new projected number includes the previous 28,000 already announced.
“We already have thousands of workers that are laid-off, here in Orlando,” explained Sean Snaith, the Director of the Institute for Economic Forecasting at the University of Central Florida (UCF). “There’s no indication, what the breakdown is of who the newly-announced layoffs will impact.”
Snaith continued to explain that as additional data comes in, companies are forced to reassess their current situations, which might include additional layoffs.
“At least in the short run, or they’re not improving as quickly as they had anticipated,” he added. “They made those moves early on, I’m sure based on some assumptions and prediction of where things would be going over the next few months. And when those predictions didn’t pan out, as the data came in, then they needed to revisit.”
Meanwhile, Disney’s other business ventures aren’t doing as well. Disneyland in California is still closed, Disney Cruise Lines have been halted until Feb. 2021, and the production of Disney films has also come to a halt.
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