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MarketScreener Homepage  >  Equities  >  Nyse  >  The Walt Disney Company    DIS

THE WALT DISNEY COMPANY

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Disney increases planned layoffs to 32,000 as virus hits park attendance (Nov. 26)

11/26/2020 | 05:25am EST

(Corrects paragraph 2 to add dropped word 'fiscal'; an earlier version of the story was corrected to remove reference to the coronavirus spreading in Disney's theme parks in the headline)

Nov 26 (Reuters) - Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic.

The layoffs will be in the first half of fiscal 2021, the company said in a filing with the Securities and Exchange Commission.

A spokesman for Disney confirmed that the latest figures include the 28,000 layoffs announced earlier.

Earlier this month, Disney said it was furloughing additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen.

Disney's theme parks in Florida and those outside the United States reopened earlier this year without seeing new major coronavirus outbreaks but with strict social distancing, testing and mask use.

Disneyland Paris was forced to close again late last month when France imposed a new lockdown to fight a second wave of the coronavirus cases.

The company's theme parks in Shanghai, Hong Kong and Tokyo remain open.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
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Financials (USD)
Sales 2021 69 521 M - -
Net income 2021 2 174 M - -
Net Debt 2021 41 423 M - -
P/E ratio 2021 127x
Yield 2021 0,64%
Capitalization 310 B 310 B -
EV / Sales 2021 5,06x
EV / Sales 2022 4,14x
Nbr of Employees 203 000
Free-Float 98,8%
Chart THE WALT DISNEY COMPANY
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The Walt Disney Company Technical Analysis Chart | DIS | US2546871060 | MarketScreener
Technical analysis trends THE WALT DISNEY COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 180,83 $
Last Close Price 171,44 $
Spread / Highest target 22,5%
Spread / Average Target 5,48%
Spread / Lowest Target -32,9%
EPS Revisions
Managers and Directors
NameTitle
Robert A. Chapek Chief Executive Officer & Director
Robert A. Iger Executive Chairman
Rebecca Campbell Chairman-International Operations
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
Diane Jurgens Chief Information Officer
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