Disney to Begin Employee Furloughs on April 19

Despite the understandable popularity of streaming services, entertainment companies too are feeling the economic squeeze of the SARS-CoV-2 coronavirus pandemic. Because of this, a giant in that sector, Walt Disney (NYSE: DIS), announced Thursday that it will start furloughing many of its employees beginning Sunday, April 19.

Previously, it had pledged to pay all employees in full and continue providing benefits until April 18. It will also pay their healthcare premiums during that period.

A still from Disney's recent film release, Onward. Source: Walt Disney

Source Fool.com