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Walt Disney Co. is laying off 32,000 employees, about 4,000 more than previously announced, as the coronavirus pandemic continues to hammer its parks and resorts business.
The company said in a US Securities and Exchange Commission filing on Wednesday that the job cuts will happen in the first half of its fiscal year, which began in October.
The pandemic has slammed Disney’s parks business, and forced it to suspend cruise ship sailings and delay major film releases.