Disney increases number of planned layoffs to 32,000 employees

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The media and entertainment giant warned that it may also be forced to scrap its dividend in the future, and reduce or not make contributions to pension and retirement medical plans. It said it could slash investment in television and film productions, and furlough or terminate even more employees.

 

"Some of these measures may have an adverse impact on our businesses," Disney (DIS) said in the filing.

 

 

 

The pandemic has slammed Disney's parks business, which has more than 100,000 employees in the United States. The company has also been forced to suspend cruise ship sailings and delay major film releases, such as "Black Widow," which was expected to be one of the year's biggest blockbusters. 

 

Disney+ is up to nearly 74 million subscribers

News that the company is preparing to cut thousands more jobs than it announced in September could attract the ire of Senator Elizabeth Warren and Abigail Disney, who have already condemned the company for the layoffs.Abigail Disney is a granddaughter of Roy O. Disney, who founded the company in 1923 with his brother, Walt Disney.

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