MARIO TAMA / GETTY IMAGES NORTH AMERICA / GETTY IMAGES VIA AFP
Walt Disney Co said it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles due to the coronavirus pandemic.
The layoffs will be in the first half of 2021, the company said in a filing with the Securities and Exchange Commission.
Earlier this month, Disney said it was furloughing additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen.
Disney's theme parks in Florida and those outside the United States reopened earlier this year without seeing new major coronavirus outbreaks but with strict social distancing, testing and mask use.
Disneyland Paris was forced to close again late last month when France imposed a new lockdown to fight a second wave of the coronavirus cases.
The company's theme parks in Shanghai, Hong Kong and Tokyo remain open.
Disney did not respond to a Reuters request for comment on whether the 28,000 layoffs announced earlier were included in the latest figure, but a spokesperson for the company confirmed to Variety that the figure includes the previously announced number.
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.
The UAE and Greece have announced 18 agreements and commercial partnerships worth a total of €12.75 billion, strengthening economic and investment cooperation.
The UAE has announced plans to invest an additional €15 billion under its joint investment initiative with Greece, strengthening their long-term economic and strategic partnership.
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