Disney Severance Packages Revealed for 1,000 Laid Off Employees

The Walt Disney Company is laying off approximately 1,000 employees this month, including marketing and branding teams and about 8% of Marvel Entertainment’s workforce. The severance packages vary depending on the laid-off employee’s position and how long they have worked at the company. Disney Severance Packages Here is the breakdown of severance packages according to Disney’s employee handbook, as shared by Business Insider: Level and employment lengthSeveranceNon-manager, less than 5 years4 weeks of payNon-manager, more than 5 years1 week of pay per year, up to 52 weeksManager, less than 5 years6 weeks of payManager, more than 5 years4 weeks of pay, plus 1 week per year, up to 52 weeksDirector, less than 5 years13 weeks of payDirector, more than 5 years6 weeks of pay, plus 2 weeks per year, up to 52 weeksVP or above, less than 5 years26 weeks of payVP or above, more than 5 years18 weeks of pay, plus 2 weeks per year, up to 52 weeks Business Insider confirmed this breakdown aligns with severance offers granted to four employees. Two also said they received a prorated bonus, paid vacation days, and continued health coverage for several months....