Since the Disney World parks initially reopened in July 2020, more guests have recently begun making their way to the Resort.
This year, Disney announced that they would lay off 28,000 Cast Members.
Since then, the number has grown with the prolonged closure of Disneyland and with Disney entertainment furloughs. Because many Cast Members are affected by this, they’ve been getting creative to turn a darker time into a brighter and happier time. We’ve seen things from podcasts to small businesses, and now a theater is getting in on the action!
Disneyland Resort (except for Downtown Disney and Buena Vista Street) has been closed for almost eight months and will continue to be closed for the foreseeable future.
Back in October, California state introduced the theme park guidelines in response to the global health crisis. These guidelines place heavy restrictions on Disneyland and could keep it from opening for some time. Shortly after, Disney announced around 30,000 layoffs and now, more Disneyland workers are being furloughed.
Earlier this year, Disney announced they would be laying off 28,000 Cast Members due to the closures.
Since then, Cast Members have been creative in finding ways to make magic during these difficult times. In fact, two furloughed Cast Members have teamed up to create a super fun kids’ podcast!
While the reopening guidelines have been announced for Disneyland and other California theme parks, we still do not have an opening date for Disneyland.
Disney World is back open, but all is not back to normal.
When the Disney parks initially closed, we had no idea what to expect for the coming months. Now, we’re still getting out minds around just how monumental the effects of the global health crisis have been. One group who has dealt with significant upset are Disney World Cast Members — some of whom still remain furloughed. Unfortunately, those furloughs may continue even longer.
The Walt Disney Company has had quite the fiscal year so far.
You might remember the Q2 Earnings Call back in May that showed just the beginning of what the global health crisis would mean for Disney. And today, the Q3 Earnings Call brought us more outcomes from the unprecedented park closures, entertainment shut-downs, and cruise catastrophes brought by the last four months.
Some of Disney’s segments — most prominently the Parks, Experiences, and Products segment — saw income numbers plummet. But despite billions in losses, Disney’s stock skyrocketed after hours last night. But why?
It’s been a little over a week since we heard that Florida would consider automatically enrolling employees from theme parks into the unemployment system.
Disney reached an agreement with the state to auto-enroll Cast Members earlier this week, and they’re not the only ones. Now another Orlando theme park giant has moved to aid its employees with enrollment. Today Universal Orlando announced that their workers would be auto-enrolled into the unemployment system. [Read more…]
The Disney parks are currently closed until further notice and these closures have had major financial implications for the Walt Disney Company and its employees.
Recently, Disney Parks moved to furlough all non-essential employees for an indeterminate amount of time. Now, we have a much clearer picture of just how much the Walt Disney Company will save each month now that employee pay is suspended.