According to Disney CEO Bob Chapek, Walt Disney World is currently operating at a small profit, or at very least exceeding operating costs. However, thousands of Cast Members still remain furloughed at this time due to limited park hours and operations.
Yesterday, Cast Members started being notified of ongoing, extended furloughs at Walt Disney World. Cast Members were informed about the extension via email. Ongoing furloughs may be extended as late into November, however, may vary depending on position and seniority.
It’s worth nothing that this is more of reiteration of ongoing and indefinite furloughs. Whilst many Cast Members thought they would return to work sooner, Disney is letting them know the furlough period will be longer than initially anticipated.
Layoffs were long rumoured for the company, but it would appear that furlough extension is the route Disney are taking.
This news comes just five days after the announcement of that Walt Disney Company senior executives would be having their salaries replenished after a series of pay cuts back in March of this year.
Senior executives that will have their salaries replenished include CEO Bob Chapek and Chairman Bob Iger. The March salary cuts were meant to be temporary, and were to remain in effect until the company saw a “substantive recovery in business.”
Cast Members! What’s your feelings on this news? Let us know in the comments below.