The Walt Disney Company will begin furloughing its employees as it grapples with the impact of park and store closures and delayed film releases as well as a downturn in TV advertisingamid the novel coronavirus pandemic, the conglomerate said Thursday.
The Burbank-based media giant stated that staffers "whose jobs aren’t necessary at this time" will be furloughed as of April 19.
The affected staffers "will receive full health care benefits, plus the cost of employee and company premiums will be paid by Disney," the company said.
Numerous divisions are expected to be hit, including Disney’s film empire, which comprises myriad labels as well as marketing and distributionand a host of operational units.