Disney cuts 1,900 jobs in parks

BURBANK, Calif. — In a sign that the recession is cutting into the Walt Disney Co.'s park business even deeper than originally thought, Disney on Friday said it eliminated about 1,900 jobs at its domestic theme parks through job cuts and attrition.
The entertainment giant in February announced a reorganization of its parks and resorts operation, which it acknowledged would set the stage for job cuts. The changes were announced amid falling attendance and expectations that the recession has many more months to run. But Friday's announcement signals that Disney is bracing for an extended downturn in its business as consumers continue to keep their wallets closed.


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