Disney wants experienced executives to voluntarily retire before being involuntarily reduced

The Mouse House is continuing to clean house. On the heels of massive layoffs and healthcare rollbacks, Earth’s most magical company is offering longtime executives an escape hatch from the company’s new “Total Rewards” employee benefits package. Per Variety, Disney’s cost-cutting has led to a limited-time early retirement offer for a lucky few with their own offices. In an effort to recognize the “service and contributions” of an extremely limited group of U.S.-based employees, who fall within the director through EVP levels, are over the age of 50, and have at least 10 years of Mouseketeering under their belts, Disney is offering voluntary retirement packages to those who want to avoid the indignities of being fired later. The Voluntary Early Retirement Offer is “one of several actions” Disney is taking to “reshape our organizations, including involuntary staff reductions,” according to a letter from Senior Executive Vice President and Chief People Officer Sonia Coleman. This is part of Disney’s ongoing effort to “invest in the areas that will drive our future growth: content, technology, and experiences.” Don’t get confused. That’s “experiences,” as in the joy of watching an Olaf robot die in front of your toddler, not “experience,” as in the Institutional knowledge one gleans from spending more than a couple of years on the job. That type of experience costs too much for Disney. The other type of experience has generated record-breaking revenue this year, despite a downturn in park attendance.