When Disney announced it was laying off 28,000 workers, it blamed CA for closing parks during a pandemic. But Disney didn't mention how it had deflated its financial cushion by paying out billions to rich shareholders and executives. https://www.reuters.com/article/us-warren-walt-disney-letter-idUSKBN26Z1JB

For years, Disney invested big-time in stock buybacks to pump up stock prices and dividend payments for wealthy shareholders. And just weeks before the devastating layoffs, Disney decided its executives had sacrificed enough for COVID-19 and restored their over-the-top salaries.

Disney’s own short-sightedness left the company in a cash bind during COVID-19. I want to know how Disney’s financial choices impacted its decision to lay off workers, and if Disney will extend health care or other critical benefits and protections for laid off employees.