Discussion in 'WDW Parks News, Rumors and Current Events' started by lentesta, Sep 12, 2017.
And? The layoffs haven’t been announced and likely won’t target this level of employee.
It probably would be most likely internal layoffs is what you are telling me?
Yeah... you can’t exactly lay off people who aren’t your employees.
Like Office Employees for instance.
The managers affected by the layoffs are most likely not covered under the agreement by the collective bargaining unit.
THIS X 1,000,000
Ask a wall streeter do you want 2 dollars today or 25 ten quarters from now they will universally vote for 2 dollars today
Here's the deal if EPS constantly goes up most of the so called analysts will look no further they are not looking at the fundamentals of the business just EPS
Stock buybacks by reducing shares on the market inflate EPS, Cuts in park hours and employees go straight to the bottom line also inflating EPS
Frankly i expect the cuts to be massive at P&R and WDW will be especially hard hit because Iger needs to close out 2017 showing year over year growth in EPS or Disney will be savaged by Wall St.
The fact that these actions will damage the business long term is not even a factor in Wall St's calculus of destruction
Its like the stupid ESPN layoffs...They got rid of just about every analyst and actual journalist on the roster and kept every single overprice loudmouth former athlete...they basically gave Fox/NBC/CBS Sports free expert talent and only kept a bunch of flakey ex jocks that annoy most of the people watching. I have honestly not even watched ESPN since the layoffs. They took everything that used to be a strength and turned every sports show into two guys yelling at each other in a match of "Facts vs Volume".
Agreed, mostly, however as long as Bob Ley is there, imho, they have credibility. He's the one guy that I respect, but he's not charismatic, so he doesn't drive ratings, still his journalism is legit, to me. The ex jock blow hards, however.
Chris "Get a Fall guy" Carter is still there...why????
Yeah...that was two years ago and he still works there, but Jayson Stark isn't...
This would be very odd timing since they still are giving HUGE sign-on bonuses and CM referral perks that a higher than average for certain roles.
Key phrase there is certain roles.
I don't mean to be nasty, but the only reason that Disney is allowed to "suck" the money out of your wallet is because you let them. You let them tell you where you need to stay, they have conned you into thinking that if you don't pay mega-bucks for the "Disney Experience" that you will be missing something. The way they have it figured they can convince you that in order for you to have a good time you have to open up that wallet for them and let them vacuum it clean. I still go, and even though the admission to the parks is expensive, I don't find it extreme considering the number of hours of constant entertainment that is there for the taking. By the hour, it's pretty cheap. I do not buy into staying at an overpriced resort when I can get a nice, as comfortable, offsite location for a fraction of what Mickey presence requires. I can eat at all types of venues, with quality food for a lot less money and can even rent a vehicle for the time, if necessary, and still save thousands.
I looked up the price for 4 nights at the Poly (standard room) and with even a 4 night stay I can save over a thousand dollars. Result? I don't leave feeling ripped off, because I control the degree that I let Disney have access to my wallet. They can only control what I let them. I have been going there for almost 35 years now, and have never left feeling taken because I won't let them.
I actually agree with your post and I take similar steps. Today our WDW experience is much different than 15 years ago. We actually spend LESS for extras today than in the past. Perhaps as a reaction to Disney's tactics, I've become very protective of my wallet. We do fewer upcharge stuff like tours, holiday parties, renting boats, and fewer sit-down dining on property (in part because reserving tables is such a hassle for popular spots).
We also visit WDW much less often (once every other year vs. twice a year).
So I don't feel ripped off by my decisions, I feel ripped off by Disney's attitude and tactics. There are also things I can't do much about, such as reduced live entertainment, no night MK parade, reduced park hours, MK closed for special event, etc. So even with my protective efforts I still feel I'm not getting the same value as before.
Do what people are doing to Espn-turn it off. Disney has obviously made a corporate decision and it has become fairly obvious to informed people. Iger has made no secret about his political ambitions and he is a man of the left. He should not be using Disney to elevate his political posture. This is a divided country politically and Iger ignores that fact at the expense of the Disney corporation.
Stroller Parking Greeter
That's because they know they'll make the other 23 dollars on the churn.
I wonder who will write the book -- "The Man Who Killed Walt Disney"...
My daughter and her boyfriend are currently doing the the Disney College work program. No wonder they're laying off full time employees. From the stories she is telling me, Disney has a robust line of low-cost employment with these college kids. Her boyfriend has put in a 53 hour week and she has worked full weeks without a day off.
Depends on the market. The person who takes two dollars now thinks that they can compound that into more than 25 dollars 10 1/4s from now. There's more to it than what is implied in your post. You have to evaluate more than just look at the raw numbers.
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