As March 2020 ends, and as peak coronavirus infections are still weeks away in the US, Disney has made some surprising and not-so-surprising announcements.
Disneyland and Disney World will remain closed indefinitely, well beyond the rather optimistic end of March.
In surprisingly good news, Cast Members are receiving regular pay through April 18th. I’m not sure how much longer Disney can continuing paying Cast Members for resorts are probably not re-opening for several months, but I’m super impressed that Disney has taken this incredible opportunity to lead by example.
And they’re not stopping there: In a letter sent to employees and obtained by MiceChat, all company executives have taken 20-30 percent pay cuts, with new CEO Bob Chapek taking a whopping 50% cut, and former CEO Bob Iger (who remains chairman) forgoing his entire salary. Big hats off to Disney execs recognizing the importance of their employees and slashing costs from the top before cutting the hourly, vulnerable employees from the payroll.
Meanwhile, the Parks are in maintenance mode with minimal staff ensuring the basics are maintained while the world waits out this pandemic in solitude. As for when the Parks will re-open, that could be anyone’s guess, but my money is on late June or the July 4th Holiday Weekend.
Until then, stay inside.