It is with a heavy heart that we announce the Walt Disney Co’s decision to begin a second wave of layoffs, cutting several thousand jobs. This decision was not made lightly, but rather out of a necessary response to the ongoing global pandemic that has deeply impacted the entertainment industry.
The Walt Disney Co has long been a source of joy and inspiration for millions of people around the world. From our theme parks to our films, television shows, and merchandise, we have strived to create magical experiences that bring people together and lift their spirits. However, the COVID-19 pandemic has had an unprecedented impact on our company and the entire entertainment industry.
Despite our best efforts to weather the storm, the pandemic has continued to disrupt our operations, leading to a significant decline in revenue. As a result, we have made the difficult decision to begin a second wave of layoffs, which will impact several thousand employees across our company.
We understand that this news will come as a shock and a disappointment to many of our valued employees, who have worked tirelessly to bring joy and magic to our guests and fans. We want to assure our employees that this decision was not a reflection of their talent, dedication, or contributions to the company. Rather, it was a necessary step to ensure the long-term viability and sustainability of the Walt Disney Co.
We recognize that this news will have a significant impact on our employees and their families. We are committed to supporting our employees through this difficult time, including providing severance packages and other resources to help them navigate this transition. We will also continue to prioritize the health and safety of our employees and guests, and adhere to all public health guidelines and protocols.
As we move forward, we remain committed to our mission of creating magical experiences that inspire and delight our guests and fans around the world. We will continue to innovate, adapt, and evolve our business to meet the changing needs of our audience, while remaining true to our core values and legacy.
While the decision to begin a second wave of layoffs is a difficult one, we believe it is the right choice for the long-term health and success of the Walt Disney Co. We remain optimistic about the future, and confident in our ability to weather this storm and emerge stronger on the other side.
We want to thank our employees for their unwavering dedication and commitment to our company, and for the joy and magic they have brought to so many people around the world. We are grateful for their contributions and wish them all the best as they navigate this transition.
The Walt Disney Co’s decision to begin a second wave of layoffs is a necessary response to the ongoing global pandemic. While this news is difficult. We remains committed to our mission of creating magical experiences that inspire and delight our guests and fans around the world. We are confident in our ability to navigate this challenging time, and emerge stronger and more resilient than ever before