Disney fires princesses
The Walt Disney Company announced that it will be scrapping payments for more than 100,000 of the so-called ‘cast members’ this week. Stopping paying nearly half of its workforce will help the company save $500 million a month.
The company also said it will provide full healthcare benefits for staff placed on unpaid leave and urged its US workers to apply for government benefits through the $2 trillion COVID-19 stimulus package.
Disney theme parks and hotels have been shut in Europe and the US for almost five weeks due to worldwide Covid-19 lockdowns. Disneyland and Disney World closed their doors last month due to the outbreak