Disney increases layoffs to 32,000 workers by March 2021

The coronavirus pandemic continues to hurt businesses across the world and Disney is no exception. On Wednesday, Disney provided an update on the company's finances and it says it plans to let thousands of workers go in 2021.

For Walt Disney World, this will be the longest closure in its history

Rarely, Walt Disney World will close, but the major theme park's hand was forced as government and health officials advised against large mass gatherings. The decision to shut down the park -- beginning on Sunday, March 15 -- is an effort to slow down the spread of the coronavirus.