The wave of layoffs begins: Disney cuts 28,000, oil companies, bank insurance, and nearly 50,000 people in aviation

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  Original title: The wave of layoffs begins:DisneyAfter slashing 28,000 people, the bancassurance of oil companies has kept up with aviation and nearly 50,000 people have also suspended

  Source: Wall Street knowledge

   After Disney announced the layoffs of 28,000, the oil company Shell issued a statement announcing the layoffs this year 1500 people and will be in 2022 Layoffs before the end of the year 7000to9000people. In addition, the aviation industry has become the hardest hit area for layoffs. American Airlines warned that unless additional federal assistance is obtained, 19,000 employees will be suspended. The pharmaceutical giant Bayer also said that due to lower profits than expected, it plans to further cut costs, which may lead to layoffs. On Wall Street,Goldman Sachswill lay off approximately 400 people means that the layoffs that have been suspended for a period of time are restarted. AndAllstate Insurance the company(Allstate) will lay off about 3800people.

   After Disney announced the layoffs of 28,000, the oil company Shell issued a statement announcing the layoffs this year 1500 people and will be in 2022 Layoffs before the end of the year 7000to9000people. In addition, the aviation industry has become the hardest hit area for layoffs. American Airlines warned that unless additional federal assistance is obtained, 19,000 employees will be suspended. The pharmaceutical giant Bayer also said that due to lower profits than expected, it plans to further cut costs, which may lead to layoffs. On Wall Street, Goldman Sachs will lay off about 400 people means that the layoffs that have been interrupted for a period of time are restarted. And Allstate will lay off about 3800people.

  The aviation industry or layoffs of 50,000 people, medicine, banking, insurance, etc. are also not immune

   Unless it receives additional federal assistance, American Airlines is preparing to fire tens of thousands of workers starting Thursday.

  American Airlines Group warned that when the existing U.S. salary support ends on Wednesday, there will be 19000 employees are on vacation. United Airlines said earlier this week that it plans to lay off 12000people. In addition, small airlines will also lay off further staff.

  At present, the four major airlines in the United States have 15 Ten thousand people voluntarily resigned or took temporary leave.

   U.S. Treasury Secretary Mnuchin previously ruled out the possibility of separate assistance to the aviation industry, but he expressed hope that a new round of stimulus bill will be reached on Thursday.

   Pharmaceutical giant Bayer said that it expects its 2021 Annual core earnings per share will be slightly lower than 2020 year level. The company plans to 2024 Years, further cut each year 15 100 million euros in cost. This may lead to further layoffs.

   On the same day,DowChemistry announced plans to lay off 6% of its global employees.

   On Wall Street, Goldman Sachs will lay off approximately 400 people means that the layoffs that have been suspended for a period of time are restarted.

   And Allstate will lay off appointments 3800people.

  Disney’s Americas layoffs 28,000 employees

   Disney announced that it will lay off staff in theme parks in the United States 28000people.

   Disneyland said, “Although it is sad, but the new crown pneumonia epidemic continues to cause serious business damage”, Disney has no choice but to lay off employees. 67% are hourly workers, and some executives and full-time employees are also on the list of layoffs.

   Currently, Disney has begun negotiations with the union. However, about 20,000 employees have not joined the union, and another 20,000 have been on unpaid leave since April.

   Because California Governor Newsom refused to reopen Disneyland in California, about 31,000 people have been given unpaid leave. In Florida, although the local Disney park has reopened, the number of people entering the park is not as good as expected.

  Josh D’Amaro previously stated that officials at the state and local levels are encouraged to “treat theme parks like other industries and help us reopen.” March 14 Since the day, the Disney theme park in California has been closed. Last week, California Governor Newsom stated that guidelines for theme parks would be introduced “soon”, but did not release more information.

   The mayors of Anaheim, Buena Park, and Garden Grove near Disneyland also called for permission to reopen the park. The mayors said that thousands of local jobs depend on Disneyland, and the continuous closure of the park has brought a “disaster” to the local economy.

  Shell2022 Nearly 10,000 layoffs years ago

   Recently, Shell issued a statement announcing that it will lay off employees this year 1500 people, and will be in 2022 Lay off before the end of the year 7000to9000people.

  Shell said that through layoffs and deconstruction of the complex organizational structure, the company can save annually 20to25 billion dollars in cost.

  Under the influence of the epidemic, the profits of this veteran oil company are under pressure. It is expected that the company’s asset impairment losses in the third quarter will reach 10- 15 billion US dollars and had a significant adverse impact on the profit margin of the LNG business in the third quarter.

  Shell also predicts that in the third quarter its petroleum product sales will be daily 400 Wanzhi 500 between ten thousand barrels. And in 2019 In the third quarter of the year, this number is 670 Ten thousand barrels.

   In addition, Marathon Petroleum will lay off at least 6% of its workforce at the US refinery.

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