Disney is laying off 32,000 workers after:— Dan Price (@DanPriceSeattle) November 26, 2020
*Issuing $1.5B dividend
*CEO temporarily cut compensation 5% & makes 1,242x the median worker
*Execs kept bonuses & returned to regular pay in August
*Workers started food pantry & GoFundMe for laid off coworkershttps://t.co/EUVAJmc474
The majority of these layoffs will be from its parks, experiences and products division.
Disneyland has not opened since March of 2020.
Disneyworld CMs are rumored to be working 6 days a week to cover for their lost coworkers.
The fourth Fiscal Quarter saw revenue fall 61% to $2.6 billion for the Company.
I'm kind of surprised at products memebs being cut. Please donate to the Cast Member Pantry if you can!