Disney Heir Slams Company’s Executives For Workforce Furloughs

Posted 2020/04/22 100 0

Abigail Disney, daughter of Roy Disney and niece of Walt Disney, called out the moral bankruptcy of her namesake corporation’s financial priorities.

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Disney heir Abigail Disney, daughter of Roy Disney and great-niece of Walt, has called out her namesake corporation’s skewed financial priorities during the coronavirus pandemic. As a result of the COVID-19 crisis, many companies have experienced varying degrees of financial impact. Some have been forced to furlough workers. Even Disney, one of the biggest and wealthiest companies on the planet, has chosen to temporarily lay off its ground-level employees for the foreseeable future.

Affected workers include staffers at studios like Pixar, Lucasfilm, and Marvel, but the vast majority of impacted employees are from Disney’s lucrative theme parks and resorts, which are currently closed down entirely. Furloughed employees will still receive health benefits (at least, those who qualify for them already), but will go without pay until the company decides otherwise. The furloughs are expected to save the company roughly $500 million per month, but executive-level bonuses at Disney are currently unaffected, leaving some wondering why the company is forcing its low-level employees to seek federal assistanc, when Disney itself has roughly $20 billion in liquidity to keep its workers fed and sheltered.