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Disney to Stop Paying 100,000 Employees

TheMotleyFool

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Entertainment giant Walt Disney (NYSE: DIS) is now suspending salary payments to over 100,000 employees, mostly cast members in its theme parks. The company employs 70,000 people in its Orlando location alone.

Disney ordered the shutdown of all its parks on March 14 due to the COVID-19 health scare. The company has been paying its non-working employees over the last five weeks, but the company announced on April 2 that the salary payments would soon end.

"The COVID-19 pandemic is having a devastating impact on our world with untold suffering and loss, and has required all of us to make sacrifices," the company said in a public statement.

Source Fool.com

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