The belt-tightening move affects the company’s theme-park, cruise-line and retail businesses, Disney said on Tuesday. That includes executives and salaried employees, although 67% of those being terminated are part-time workers. Disney is offering benefits to the workers being eliminated, including 90 days of job-placement services.
Disney will cut 28,000 jobs at its U.S. theme parks. Bloomberg’s Chris Palmeri reports.
Source: Bloomberg)
The cutbacks jarred investors, who sent the shares down almost 2% in late trading. The stock was already down 13% this year.
It’s the latest sign that travel and other ...