(Via The Daily Wire)
On Tuesday, Disney, acknowledging the effects of the tax reform passed by Congress and the Trump Administration, announced it will be the latest company to offer bonuses as a result, paying over 125,000 employees a one-time cash bonus of $1,000. Disney added that it would invest $50 million into an education program for employees.
CEO Bob Iger stated, “We are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new program.”
Disney is following in the footsteps of AT&T, Bank of America, Boeing, Comcast, Walmart, and Wells Fargo, all of which have offered bonuses recently.
Disney’s bonuses will be offered to all full-time and part-time employees who have been working for Disney since before January 1. Executive level employees will not receive the bonuses.
Disney’s education program will be available to roughly 88,000 hourly employees; the company stated, “Participants can pursue qualifying higher education or vocational training, including courses unrelated to their current responsibilities at Disney.”
The education program and the bonuses will cost the company $175 million in the current fiscal year.