VPs, senior VPs, and executive VPs are being asked by Disney to take temporary pay cuts of 20-30 percent amid the COVID-19 crisis. One thing to note is that these pay cuts have no true end date, but that is because the coronavirus has no end date at this time either. The whole world is at a bit of a standstill.
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Disney has made plenty of tough decisions when it comes to the current pandemic, including needing to rearrange many move release dates. Mulan’s release date was postponed because the coronavirus for example.
Additionally, Disney Parks have closed indefinitely during the coronavirus pandemic, taking a massive toll financially on the company.
Although the Disney executives were only given two days to sign the paperwork, and the pressure would make it seem like they could lose their jobs, employees in lower positions seem to have it worse. As opposed to losing 20-30 percent of their pay, Disney is furloughing thousands of employees beginning on April 19th.
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Source: Gamespot
