Business this week
Disney decided to lay off 28,000 workers at its theme parks. Last year the parks accounted for more than a third of Disney’s profit, income that vanished when they were ordered to close during the pandemic. Those that have reopened have seen visitor numbers plummet because of social distancing. Disney’s parks in California remain shut, which one executive said had “exacerbated” the situation. Most of the jobs being shed are part-time.
This article appeared in the The world this week section of the print edition under the headline “Business this week”