The Disney group announced that it will cut 28,000 jobs in the United States, due to the decline in demand due to the Corona virus.
According to Arabiya Net, a press release issued by the company stated that job cuts are necessary in light of the requirements of social distancing and have been exacerbated by the strict restrictions imposed by the California state government, according to the agency France Press.
and about two-thirds of the employees covered by the decision work part-time.
Josh Damaro, CEO of Disney Parks Experiences and Products, said that in recent months, we have had to make a number of adjustments to our business, and despite the difficult decision taken today, we believe That the steps we take will enable us to exit (from the status quo) more efficiently and effectively when we return to normalcy.
This comes on the heels of the Disney Group losing 4.7 billion dollars in the last quarter, reflecting the heavy blow to the group's parks and sectors to produce films affected by schedule Released.
and the increasing demand for Disney + streaming service with the release of Mulan and Hamilton films partially limited these negative repercussions.
Disney's stock fell 1.5% to $ 123.57 in after-trading trading on Tuesday.
