Coronavirus

Disney to lay off 28,000 employees as COVID-19 continues to hammer its businesses

"As you can imagine, a decision of this magnitude is not easy," D'Amaro wrote in the letter to employees obtained by FOX Business. "For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company. We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity."  

Target muscles in on Amazon’s Prime Day — again

Target has finally announced the date for its big annual shopping event — and it just so happens to coincide with Amazon’s Prime Day. Target’s Deal Days event will take place on October 13 and 14 and “will feature digital deals on hundreds of thousands of items, more than double last year,” the company said in a statement on Monday.