The beatings will continue until morale improves: Disney is stopping the salaries of hundred thousand employees this week due to the shut downs imposed upon it by our panicked government over COVID-19.
The company says it will still provide full healthcare benefits for those employees, for the moment.
Once again, the shuttering of the Disney theme parks ripples out into the entire local economy. It isn’t just these employees who are now out of work, it is the hotel, transportation, and restaurant employees whose businesses served the same tourist customers.
Will the theme park entertainment come back? Unknown, I’d say, because the fear being pounded into everyone to “social distance,” to an absurd level, might mean that tourists will no longer feel comfortable visiting such venues.