(Bloomberg) —



a group of people sitting at a train station: Guests take pictures outside the closed gates of California Adventure theme park, part of the Disneyland Resort, in Anaheim, California, U.S., on Wednesday, Sept. 30, 2020. Walt Disney Co. is slashing 28,000 workers in its slumping U.S. resort business, marking of one of the deepest workforce reductions of the Covid-19 era.


© Bloomberg
Guests take pictures outside the closed gates of California Adventure theme park, part of the Disneyland Resort, in Anaheim, California, U.S., on Wednesday, Sept. 30, 2020. Walt Disney Co. is slashing 28,000 workers in its slumping U.S. resort business, marking of one of the deepest workforce reductions of the Covid-19 era.

Tens of thousands of job cuts announced by blue-chip companies in a 24-hour period are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the U.S. labor market.

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In one of the biggest layoff announcements since the pandemic caused widespread economic shutdowns, Walt Disney Co. said late Tuesday that it’s slashing 28,000 workers in its slumping U.S. resort business. In the hours that followed, the pace of job cuts at some of the world’s biggest companies — across in a range

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