Disney to give over 125,000 employees one-time $1,000 cash bonus
Disney chairman and CEO Robert A. Iger announced that more than 125,000 eligible employees will receive a one-time $1,000 cash bonus. The company will also make an initial investment of $50M in a new and ongoing education program specifically designed to cover tuition costs for hourly employees. The two new initiatives represent a total allocation of more than $175M in this fiscal year. All full and part-time non-executive employees, either hourly or salaried, who have been with The Walt Disney Company since January 1, 2018, and are based in the United States will be paid a one-time $1,000 cash bonus. Employees will receive the bonus in two payments, the first in March and the second in September of this year. In keeping with applicable federal law, the company will work with union representatives regarding potential distribution plans for employees currently working under existing union contracts.