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Disney to lay off 28000 employees

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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