See the Severance Packages Disney Is Offering Laid Off Employees

“We have experienced a great deal of change these last few years, both at the company and across our industries,” he wrote.

Photo: The Walt Disney Company-Josh D’Amaro (Chairman; Disney Parks, Experiences and Products)

“I know this is hard. Those that will be leaving us have done meaningful work here and care deeply about this company. These decisions are not a reflection of their contributions, or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses.”

D’Amaro Promised Disney Would Support Those Affected

In his memo to staff, D’Amaro emphasized that Disney will support those impacted by the layoffs.

Photo: Josh D’Amaro in Instagram

“Compassion and respect remain at the heart of our company. As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support,” he said.

Photo: Disney

Now, we have a clearer picture of how Disney plans to assist affected employees.

The Severance Packages

According to a new report from Business Insider, severance packages will be based on an employee’s role and length of service.

Photo: Josh D’Amaro on Instagram

Non-managers with less than five years at the company will receive a minimum of four weeks of pay. At the higher end, vice presidents or above with more than five years of tenure may receive up to 18 weeks of base pay, plus an additional two weeks per year of service, capped at 52 weeks.

Here is a breakdown:

While the latest round of job cuts is undoubtedly difficult, especially as D’Amaro settles into his new role, the severance structure suggests Disney is taking steps to support impacted employees.

As always, be sure to check back with MickeyBlog. We will continue to update you on all the latest news coming out of The Walt Disney Company.

Photo: MickeyBlog