Walt Disney and Shell to cut thousands of jobs amid Covid-19 fallout
The entrance to the Walt Disney World Resort near Orlando, Florida. The global entertainment organization announced it will cut 28,000 workers from its US resort business. Picture: AP Photo/John Raoux, File
In one of the biggest layoff announcements since the pandemic caused widespread economic shutdowns, Walt Disney said it’s slashing 28,000 workers in its slumping US resort business.
The fallout isn’t contained to America. Shell will cut as many as 9,000 jobs as crude’s crash forces billions of dollars in cost savings, while German auto-parts supplier Continental's board approved a restructuring plan that will cut or shift 30,000 jobs worldwide.
