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News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings
- Thread starter wdwmagic
- Start date
MagicHappens1971
Well-Known Member
Are you really comparing Sears to Disney?
An article about how a big retailer failed.
And then compare it to Disney.
How about I post an article about a business that is thriving.
And then compare it to Disney?
IOW... there is no causal connections here.
So you’re comparing a retailer that failed to keep up with changing consumer habits, failed to diversify in ways that added value, insisted on being a catalog retailer during the shift to e-commerce, and the grossly mismanaged its assets with a vertically integrated multinational entertainment and tourism conglomerate that has invested deeply into what consumers want, studies its customer base obsessively, makes data driven decisions, and manages its assets exceptionally well, pushing for synergies at all steps of the way.
Right.
Easy at their peak no one thought Sears could fail, they did. Same could happen to Disney. No company is impeervious to failure.
Who's been saying TWDC is invincible that you need to say "it's not"?
Disney has been doing none of the above well recently. They have stumbled tremendously of late and are disregarding their own internal research pertaining to park operations. The only division of Disney that is currently profitable is the parks division. The have been short sighted trying to maximize profits now while destroying its core fan base. Guest satisfactions has been steadily dropping since they reopened.
JoeCamel
Well-Known Member
Have you heard that Disney owns some TV channels and cruise lines?
matt9112
Well-Known Member
I’m going to be honest here…. A lot of people on this board talk,act and imply disney can never fail ( on the large scale indicative of anything remotely close to sears)
"The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
deadline.com
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
Disney Begins Round Of Layoffs Outside The U.S.
Disney layoffs process has begun in EMEA after the third round was started in US this week by Bob Iger.
deadline.com
TV channels are Dinosaurs going extinct. Cruise line is actually doing really well but I consider them floating resorts and right or wrong lumped them in with parks.
CaptainAmerica
Well-Known Member
You said "The only division of Disney that is currently profitable is the parks division."
The cable entertainment networks are profitable. ESPN is profitable. ABC is profitable. ABC News as a standalone venture is profitable. Theatrical distribution is profitable. Consumer Products are profitable.
"Shrinking" does not mean "unprofitable."
Everything in the company is profitable except streaming.
Ayla
Well-Known Member
It's required if a company is laying off more than 50 employees at a single site and they have more than 100 employees.
Ayla
Well-Known Member
I can think of one person here.
EeyoreFan#24
Well-Known Member
I’m no WARN expert, but I’ve been through enough layoffs to know that there is no black and white answer. There’s all kinds of rules when stuff applies and it doesn’t, and of course the “violations”…which aren’t really much more than paying off the employees for time.
I’m sure the corporate legal and HR teams know how to keep out of mandatory reporting (if they want too).
CaptainAmerica
Well-Known Member
All of the impacted Disney employees I've talked to were given 60 days.
Nobody was told "clean out your desk, you're out of here."
The people notified this week are not officially laid off until late July.
CaptainAmerica
Well-Known Member
Affected employees were not LAID OFF this week, they were given notice this week that they'd be laid off in late July.
If they want to get ahead, schedule their surgeries covered under health insurance before getting laid off.
Former DLR President Rebecca Campbell would still be employed if she did not accept the promotion to be Chairman of Int'l Operations which position was eliminated and she was one of the execs being let go."The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
Disney Begins Round Of Layoffs Outside The U.S.
Disney layoffs process has begun in EMEA after the third round was started in US this week by Bob Iger.