About: http://data.cimple.eu/news-article/6b38f51f88e9b483bdef774b4fbb1df07ba7164ca4c077c21d054eb9

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About: http://data.cimple.eu/news-article/6b38f51f88e9b483bdef774b4fbb1df07ba7164ca4c077c21d054eb9 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover. The cuts were needed in light of social distancing requirements, exacerbated by tough restrictions imposed by the California state government, the company said in a press release. About two-thirds of the affected employees are part-time staff. "Over the past several months, we've been forced to make a number of necessary adjustments to our business, and as difficult as this decision is today, we believe that the steps we are taking will enable us to emerge a more effective and efficient operation when we return to normal," said Josh D'Amaro, chairman of Disney Parks, Experiences and Products. The move comes on the heels of Disney's $4.7 billion loss in the most recent quarter, which reflected the hit to its theme park business and the derailment or postponement of major movie releases. These negative effects have been offset somewhat by soaring demand for the "Disney +" streaming service, where it steered premiers of "Mulan" and "Hamilton." Shares of Disney fell 1.5 percent to $123.57 in after-hours trading. jmb/ft
schema:headline	Disney to cut 28,000 US employees due to coronavirus
schema:mentions	Josh Lyman Disney Parks, Experiences and Products Hamilton Academical F.C. Amusement park Social distancing The Walt Disney Company California Severe acute respiratory syndrome coronavirus 2 São Paulo (state) Extended-hours trading The Cuts Hua Mulan The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)

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