The entertainment company blamed limited attendance at the theme parks it has reopened and the continuing closure of others for the “difficult decision”.
Walt Disney announced it was laying off 28,000 employees from its theme park business on Tuesday, the latest company to announce huge jobs cuts in the wake of the coronavirus pandemic.
The reopening of Walt Disney World in Orlando, Florida, has also proved disappointing as Covid-19 cases surge in the state.
But the rate of recovery appears to be slowing and only about half the jobs lost during the pandemic have been recovered.