I'm getting ready to buy if it keeps heading in this direction.
Disney's not going anywhere, so a chance to buy discounted $DIS is decent to me.
I'm getting ready to buy if it keeps heading in this direction.
Disney's not going anywhere, so a chance to buy discounted $DIS is decent to me.
Are you really comparing Sears to Disney?Sears Rise and Fall: From World's Biggest Retailer to Bankruptcy This could happen to Disney.
An article about how a big retailer failed.Sears Rise and Fall: From World's Biggest Retailer to Bankruptcy This could happen to Disney.
Sears Rise and Fall: From World's Biggest Retailer to Bankruptcy This could happen to Disney.
Easy at their peak no one thought Sears could fail, they did. Same could happen to Disney. No company is impeervious to failure.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.
Who's been saying TWDC is invincible that you need to say "it's not"?Easy at their peak no one thought Sears could fail, they did. Same could happen to Disney. No company is impeervious to failure.
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.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.
@Disstevefan1 ?Who's been saying TWDC is invincible that you need to say "it's not"?
Have you heard that Disney owns some TV channels and cruise lines?The only division of Disney that is currently profitable is the parks division.
Who's been saying TWDC is invincible that you need to say "it's not"?
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.Have you heard that Disney owns some TV channels and cruise lines?
You said "The only division of Disney that is currently profitable is the parks division."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.
It's required if a company is laying off more than 50 employees at a single site and they have more than 100 employees.I'm sure there were at least some layoffs in Florida. But they number less than 100 people total in Florida.
If Disney had laid off more than 100 people in the state of Florida, across multiple sites or all at one site, Disney would have had to file a WARN Act notice with the Department of Labor for Florida. Disney has not filed a WARN Act notice for Florida layoffs in 2022 or 2023.
I can think of one person here.Who's been saying TWDC is invincible that you need to say "it's not"?
All of the impacted Disney employees I've talked to were given 60 days.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.
Affected employees were not LAID OFF this week, they were given notice this week that they'd be laid off in late July.If Disney had laid off more than 100 people in the state of Florida, across multiple sites or all at one site, Disney would have had to file a WARN Act notice with the Department of Labor for Florida. Disney has not filed a WARN Act notice for Florida layoffs in 2022 or 2023.
If they want to get ahead, schedule their surgeries covered under health insurance before getting laid off.Affected employees were not LAID OFF this week, they were given notice this week that they'd be laid off in late July.
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.deadline.com
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