layoffs

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.

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.

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.