Disney, one of the world’s largest film and entertainment companies, has announced yet another round of layoffs. This marks the third round of job cuts since the pandemic began, with a total of 28,000 jobs lost since the start of the crisis.

The layoffs are part of the company’s ongoing effort to restructure and reduce costs. The job cuts will affect thousands of Disney’s employees around the world, from its theme parks to its television and film studios. Disney has said it will offer enhanced severance packages to those affected and provide outplacement services to help them find new jobs.

The pandemic has hit Disney hard, with its theme parks and movie theaters being closed for much of the past year. As a result, the company has seen a significant decline in revenue, leading to the need to reduce costs.

Disney CEO Bob Chapek has said that the company is committed to “strategic investments and a commitment to creating content and experiences that inspire and entertain our consumers.” He added that the company is “focused on managing the economic impact of the pandemic while positioning the company for future growth.”

The news of the layoffs is a devastating blow for the thousands of employees who will lose their jobs. It’s also a troubling sign for the entertainment industry, which has been hit hard by the pandemic. As Disney looks to reduce costs and restructure, it’s uncertain what the future holds for the company and its employees.