Walt Disney Co. will give $1,000 bonuses to 125,000 employees and will also spend $50 million to create a new employee education payment program. The payment will occur in response to Donald Trump's sweeping tax reforms.
All employees working in the company since the beginning of the year will receive a bonus, which will be split into two tranches and paid out during the year.
A new higher education program for workers will be available to 88,000 employees with hourly wage, wishing to obtain higher education or to receive vocational training.
Among other U.S. companies that announced their intention to give bonuses to encourage employees saved as a result of changes in the tax law: AT&T, Fiat Chrysler, Comcast, JetBlue, Walmart and Verizon.