A giant in the business world for generations it is now case of how hard have the mighty fallen. The pandemic has played havoc with this company that has been both a staple and the epitome of stability. It’s figures reported last year were the usual show of strength. This year however it has dropped into a loss. Consumers have always appreciated its offerings through its strengths in entertainment. They flocked to its theme parks and were frequent customers on its cruise ships. Social distancing and non congregation rules put paid to that. There was an indication that things were not going well when it announced massive layoffs. Now it is evident as the large layoff numbers are even more than previously announced.
It is not the only company announcing lay offs. However that does not make it any better for them especially when they are used to success year in year out.