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Disneyland Resort Paris

Source: PASCAL DELLA ZUANA / Getty

The Walt Disney Company has announced that it will give a one time, $1,000 cash bonus to 125,000 U.S.-based employees. The bonuses total $125 million, and Disney CEO Bob Iger said the bonuses come as a direct “result of the recently enacted tax reform” passed by Republicans in December.

All U.S.-based Disney employees, either hourly or salaried, who have been with The Walt Disney Company since Jan. 1 of this year will be eligible.

Disney, has also announced a new higher education initiative for its workforce offering close to 88,000 employees an opportunity for paid for college or vocational training, beginning with an initial investment of $50 million.

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