Disney increases layoffs to 32,000 workers by March 2021

The coronavirus pandemic continues to hurt businesses across the world and Disney is no exception. On Wednesday, Disney provided an update on the company's finances and it says it plans to let thousands of workers go in 2021.

Disney 3Q revenue drops 42%, missing expectations

Walt Disney Co. on Tuesday reported that its net income fell dramatically in the three-month period that ended in June when most of its theme parks were shuttered and theatrical movie releases were postponed.