Disney to lay off 28000 employees
Disney's theme parks have been one of it's most lucrative businesses, providing huge profits. This has changed since the world started facing a global crisis. The company reported a quarterly loss of $5 billion. This is the first time since 2001 that they have seen a quarterly loss. This has pushed them to layoff 28000 employees, which is about 1/3rd of their total Disney Park workers. Read more on this here.
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