2020 Disney Severance Package: What to do if you lost your job and benefits
The Walt Disney Co. announced Tuesday that [it] is planning to lay off 28,000 workers at its theme parks in California and Florida as it struggles with the months long closure of Disneyland, and capacity limits and other restrictions at Walt Disney World — all due to the COVID-19 pandemic.
Disney didn’t disclose how many of the job cuts were at Disneyland and Disney World.
Disney World brought back thousands of workers when its theme parks in reopened in a limited capacity in mid-July.
The resort, however, has been unable to bring back thousands more who had been furloughed since April.
Meanwhile, Disneyland, which shuttered its parks in mid-March remain closed as it waits for guidelines from California officials.
The layoffs come as theme park company struggle with the financial hit their businesses have taken amid the pandemic.
Earlier this month, SeaWorld permanently laid off nearly 1,900 workers in Orlando. Univeral Orlando notified the state of Florida this month that it would be extending the furloughs for nearly 5,400 workers due to the “unforseen impacts of COVID-19” on its operations.
Disney officials said the company would provide severance packages for the employees, where appropriate, and also offer other services to help workers with job placement.
What to do if you lost your job at Disney
2020 Disney Severance Package: What to do if you lose your job and benefits:
The COVID-19 pandemic has been tough on most people.
The economies around the world have been hit. Some have lost their jobs, others had salary cuts.
As workers consider their financial options, they may turn to unemployment benefits.
3 Things you should do if you lost your job at Disney during Covid-19
Read your contract
Once the employer has stated that you will be let go from your position, go back and read the employment contract.
This contract has details stating under what circumstances can individuals be fired from a job.
Look for details on the financial benefits offered in case of a job cut initiated by the company.
As far as possible, seek an immediate advance package from the company so that any financial liabilities in terms of loan installments and credit card dues can be paid off for about two to three months.
Also, an employee should insist on getting an official letter or email from the organization to this effect.
Seek outplacement services
Several mid-sized and large organizations have the provision of outplacement services.
This means that if they let go of an employee, he/she is to be offered hand-holding in finding a job.
For this purpose, companies take the help of outplacement firms who help selected employees find alternative employment.
Hence, as soon as a company informs of a job cut decision, employees must write to the human resources team to seek clarity on whether outplacement services can be availed of.
Utilize time to work on freelance roles
Even if you are not able to secure a new job, don’t fret.
Freelance roles are slowly opening up in sectors like IT, advertising, e-commerce, financial services and media/entertainment in the areas of digital marketing, data entry, customer services, online sales and content development.
The compensation in freelance roles may not replace the monthly pay for a salaried professional.
However, the more the number of freelance projects you take up, the better is the pay.
For more information about if you lose health insurance and life insurance if you lost your job:
2020 Disney Severance Package: What to do if you lose your job and benefits
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