A non-theme park example: every 24/7 Wal-Mart is down to 7 - 10, at most. Most if not all will not be 24 hours in the foreseeable future. Here's the thing, Wally World was looking to do this 2 years ago. COVID just gave them the cover.
I don't know how you can look at WDW over the past 5 years and not think that, yeah, this is partially cutting costs to survive, but also quite a few higher-ups think Entertainment is an unnecessary expense. "Instead of roaming characters, we'll just teach the store clerks to say 'Bright Suns!'." Attendance was in decline back in 2019--we were probably going to get some of these cuts even without COVID. But the pandemic gives them a fig leaf. In 3 to 5 years when Hoop if a foamhead-only Woody's Round-Up, the band-aid was ripped off long ago.
To me the real question is the hotel rooms. Who is spending $600 a night with the parks in the shape they are in and most of the signature restaurants closed? Even if you limit the deep discount to APs, you'd build brand loyalty you've spend the past 9 months tearing down. It truly feels like they are doing the bare minimum to keep Grand and DAKL open just so they don't have to start breaking DVC contracts.