Companies are cutting jobs as the coronavirus pandemic stretches on.
across its parks, experiences and consumer products divisions amid prolonged closures at its California-based theme parks as well as limited attendance. According to a statement, 67% of the laid off workers were part-time.said Wednesday that it plans to reduce its global workforce costs by approximately 6%, but did not indicate the number of jobs that will be eliminated.
The energy sector has been among the hardest hit by the pandemic as a near standstill in global travel, as well as implementation of work from home policies led to a drop-off in demand for crude products. With oil prices staying lower for longer, a number of companies have already gone bankrupt. The ones left standing have been implementing widespread cost-cutting measures.
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