Disney offers buy-outs to 600 managers; Universal lays off 70*
Written by Robert Niles
Substantial hotel and ticket discounts have helped slow the expected loss of visitors at Walt Disney World and Disneyland this year, but not enough to save some employees' jobs.Tweet
Disney announced today that it's offering buy-outs to 600 managers at its U.S. theme parks. If not enough take the offer to leave (and the company didn't say how many that would be), then Disney might start laying off employees.
Disney also said that advance bookings at Disney's hotels were down six percent for the first six months of 2009, compared with the same period one year ago. That's a better showing the 10 percent drop the company forecast earlier, when it announced its current round of discounts.
*Update: (From the comments) Universal Orlando lays off 70 employees.
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