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Market Chatter: Walt Disney Furloughs Venezuelan Workers After Supreme Court Ruling
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Market Chatter: Walt Disney Furloughs Venezuelan Workers After Supreme Court Ruling
May 26, 2025 11:55 AM

02:31 PM EDT, 05/21/2025 (MT Newswires) -- Walt Disney ( DIS ) notified workers under Temporary Protected Status on Tuesday that they had been placed on unpaid 30-day leave and would need to provide new valid work authorization by the end of the period, or they will be fired, Bloomberg reported Wednesday, citing an internal communication it viewed.

The move comes after the US Supreme Court on Monday revoked protections for 350,000 Venezuelans, according to the report.

Disney ( DIS ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 110.79, Change: -1.57, Percent Change: -1.40

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