7,000 Disney employees will lose their jobs, but CEO Bob Iger distracted from the bad news with a theme park reveal.
The New Jersey park had paid $12.50 per hour before the COVID-19 pandemic.
Disneyland has 15,000 employees now, down from 32,000 before COVID-19 shut the resort down for a year.
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Failure to attract enough workers had led the park to stay closed on Tuesdays and Wednesdays after Memorial Day.
Universal team members will be paid a minimum of $15 per hour starting June 27, while Disney's own $15 base rate doesn't go into effect until October.
These workers will lose their jobs by March 2021, Disney said in a SEC filing.
The open jobs include positions for which SeaWorld had recently permanently laid off furloughed employees.
Universal says it now expects the economic impact of the COVID-19 pandemic to stretch into 2021.
This is the second round of layoffs at the resort since it reopened in June.