Disney World Lays Off 1,900 Workers
Popular theme park Walt Disney announced on Friday it laid off 1,900 workers while another 300 will lose their job for the next few months. According to the company, this workforce reduction is part of its contingency plan to cut cost amid the drastic decline of visitors due to financial crisis.
Popular theme park Walt Disney announced on Friday it laid off 1,900 workers while another 300 will lose their job for the next few months.
According to the company, this workforce reduction is part of its contingency plan to cut cost amid the drastic decline of visitors due to financial crisis.
Meanwhile, experts said that Disney’s workforce reduction came not as a surprising event as resorts and theme park industries are expected to experience low revenue amid recession.
In February, Disney said it will modify its business operation to cut cost which includes massive layoff. Meanwhile, the company initially declined to provide the exact number of employees who will be affected.
According to some experts, the massive layoff is a clear indication that Disney is expecting that the economic downturn will be longer and deeper as consumers are spending less of their money as incomes are becoming more dispensable these days.
In an interview with some travel experts, the weak economy and trembling labor market will affect park themes, resorts, and other industries benefiting from travelers as more people will stay closer to their homes and avoid expensive vacations.
Earlier report said the airplane industry has announced there was a drastic decline in travelers especially those who take vacation and business tour.
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