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Disneyland announced that it would be closing for the month and now Disney World has also made the decision to close. You can read the press release regarding Disneyland closing, they will close on March 14th.
Disney World will close at the end of business on March 15th and remain closed through the end of the month. Disney employees will be paid during the closure. The hotels and retail complexes at Walt Disney World will remain open.
If you had trip planned during this time you can refer to this page for details on waiving cancellation fees, extending tickets expiration dates, extending annual passes and more.