Disney Restructuring To Bring Layoffs

(Photo by David McNew/Getty Images)

By Doug Lazy on March 12, 2020

LOS ANGELES, CA - FEBRUARY 19: Pedestrians walk near the entrance to Disneyland Resort on February 19, 2009 in Anaheim, California. With the worsening economy, declining attendance and reduced operating income, the Walt Disney Company announced that it plans to restructure its domestic theme-park operations, which will result in the layoff an unspecified number of employees in the coming weeks. Disneyland in Anaheim, California and Walt Disney World in Orlando, Florida will reportedly be consolidated into a single unit headed by Worldwide Operations President Al Weiss. Attendance at Disney theme parks in the US dropped 5 percent in the last quarter of 2008 compared to the previous year and in January, Disney offered buyout packages to 600 US executives. (Photo by David McNew/Getty Images)

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