• Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there’s fear they could spread elsewhere.
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• The union representing Walt Disney World employees says it’s reached a deal with the company that avoids layoffs for full time cast members. Some 8,800 part time employees will lose their jobs though.
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• Disney is laying off 28,000 employees across the US. In a statement Tuesday afternoon, Josh D’Amaro, chairman of Disney Parks, Experiences and Products said the layoffs are due to the prolonged impact of COVID-19 and uncertainty over the duration of the pandemic.
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