Walt disney co says furloughed over 120,000 employees

Walt disney co says furloughed over 120,000 of employees - sec filing.walt disney co says may take additional mitigation actions in future such as raising additional financing.walt disney co says expects more extensive covid-19 impacts in q3.walt disney co - in response to covid-19, co furloughed over 120,000 employees, who will continue to receive company provided medical benefits.walt disney co says temporarily reduced management compensation; eliminated board retainers and committee fees.walt disney co says expects some losses related to covid-19 impacts will not be covered by insurance available to us and insurers may contest coverage.walt disney co says increasing programming and production investments to create exclusive content for disney+.walt disney co - forgoing certain licensing revenue from sale of branded film & television content on disney+ service to third parties in tv/svod markets.
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