Circus Has Problems – level 3
Entertainment company Cirque du Soleil has filed for bankruptcy due to the coronavirus pandemic.
The Canada-based circus arts show announced on Monday that the filing is a response to immense disruption and forced show closures. The company also said that it had to lay off about 3,500 employees in order to help curb further financial loss. However, the company plans to rehire a lot of the staff when official restrictions are lifted.
Cirque du Soleil has resident shows in Las Vegas and Orlando, USA, and these shows are expected to start before other shows. Therefore, performers and staff members there are not among the laid off people.
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