Who will be affected by Disney layoffs?

These rounds of job cuts reportedly impacted people at ESPN, Disney's entertainment division, Disney Parks and so on. Disney's CEO Bog Iger, in February, announced that the media and entertainment giant would be trimming close to 7,000 jobs from its global workforce in three rounds.



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After the final vote next week, Walt Disney World workers will instead receive an immediate bump to a minimum $17 an hour, which will rise to $18 an hour by the end of 2023. Then, over the next three years, workers will see additional bumps of $2.50 to $5.60 per hour.

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With costs so high, it's no wonder why many families find it difficult to afford a Disney vacation. A recent LendingTree survey found that 18% of Disney visitors have gone into debt for one or more of their trips to the destination. And among those with Disney debt, 8% say it will take more than a year to pay it off.

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What would happen if Disney went bankrupt? The usual would happen. All the assets would be sold to pay the creditors. Stockholders lose everything.

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