COVID-19 has left many businesses closed and many people without jobs. Disney and Universal have not gone unaffected by the pandemic.
For Orlando’s largest employers, 2020 represented a year of significant impact. The Covid-19 pandemic, which began hurting Florida in March, led to the complete closure and now ongoing slow recovery of the area’s $75 billion tourism sector.
Disney has announced that a majority of the 32,000 layoffs will come from the Disney Parks, Experiences and Products division. This includes the company’s theme park, cruise line, travel planning, retail, gaming and publishing divisions along with Walt Disney Imagineering.
According to Josh D’Amaro, Disney Parks, Experiences and Products chairman, Disney theme parks cut expenses, suspended capital projects and modified operations in an effort to avoid layoffs and furloughs. Before the pandemic, Disney employed more than 100,000 at its U.S. theme parks.
Universal Orlando is laying off 1,123 salaried employees at its creative division, theme parks and resorts, according to the Orlando Sentinel due to COVID-19.
This information comes after Universal announced a revenue loss of 94% in the second quarter of this year due to the closures as well as their new construction project, Epic Universe, being indefinitely paused.
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