They secured billions in credit line, they could have kept themGenerally speaking two things are true:
1. Disney has insane high turnover. A real bad issue when labor is not in ready supply
2. Once someone leaves…they rarely comeback
kinda perfect storm
they laid off near everyone. One call to Pennsylvania Avenue and they would have given the money to keep them. Would have taken 10 seconds. The only “cost” is someone in clownshoes would have tossed their name around. And everyone would have forgotten long ago. Didnt need Nostradamus to predict that one.
Right now…they can cover limiting attendance, revenues, hotel bookings, etc because of the blanket covid excuse…
but what about next year? If the pandemic truly ends…they won’t have the staff to extract the blood that Wall Street is and always will be promised.