On layoffs, very bad attendance, and Iger's legacy being one of disgrace

[Lilofan]

But haven’t well all benefitted from the growth of the stock market?

Long term investors in the market- yes. The money worked harder than we ever did.

 

[Lilofan]

They'll probably begin immediately after they announce the actions they intend to take. Usually these things come in waves afterward.

I hope they offer a voluntary separation option before an involuntary sacking. Those tend to benefit salaried jobs higher up the food chain more than the front lines. I hope they are offering options for a dignified exit. What does my gut say? It's not gonna be that nice.

Voluntary separations would have been made public with staff already talking about it or media picking the story up. Early 2009 ring a bell? Companies such as Disney should have a severance package already described in writing and or a contract that staff sign when working. Some that get let go or leave in companies that are higher up on the food chain obviously walk away with a sweeter deal. Things that come in waves is correct. HR can't be in all places at once.

 

[Lilofan]

Time in? very possible. The bigger issue is working with companies that actually last that long anymore.. the speed of the world and tech has cut the runway of many companies.

Job with guaranteed pensions and insurance... not anyone being hired these days except in very finite circumstances. Everyone switched to retirement savings.

Pensions in companies are taboo moving forward. It cuts into company profits. Employees to invest their money in 401K if they want to plan for the future. It's the sign of the times. I support a pension but companies nowadays don't feel that way.

 

[Lilofan]

Note I never said pickup and move on a dime... go back and read where I said 'what are you doing about it?' - Are you saving? Are you researching what it costs in other possible locations? Are you prioritizing your spending? Are you finding out what you NEED before moving, etc? I can guarantee you 95% of the people complaining about where they are now - are not doing those things to work out how to break the cycle. Just going around complaining about their town... and how it's so bad. Most people are afraid to move because they don't think they can afford it. Ok, so what are you doing to make it so you can afford it?

These are life changing decisions... but the entire point is "Are you working to change things, or are you gonna sit and just be miserable forever?"

You aren't stuck where you are - anyone telling you that is holding you back. People just have to be willing to do their part.

With the lockdown going on.. my niece's normal gig had no future. With all the J-1 visa students unable to come this year the beach resorts are DYING for people. So they got a group together, in one weekend found a seasonal rental and had 3 job offers in one day. She's only 17. They're living there now. Sure this is only temporary... but they're making money now vs nothing and making enough to bank savings to work out the next step. Or she could have just stayed at my sister's house for the summer twiddling her thumbs about how shutdown sucks.

My oldest kid had both her jobs shutdown by covid, as did her fiancé. After a few weeks, she found a job that would give her hours working the counter at a food place. Eventually one of her jobs came back, and in the interim kept pushing and found an even better full time job. So she's been working part time in two jobs even during the pandemic, and is setup to work full time plus one of those jobs part time starting later this month. This weekend they moved into their first house after living on their own for the last 2 years in an apartment. The only support she gets from me is she's allowed to be on my insurance and my phone plan.

The world doesn't have to be as miserable as people describe CM working conditions in Orlando. Stop acting like 'this is how it has to be...'. Put together a plan, find out what you need, then start doing the things you need to make it real.

If you don't - yes, you'll be stuck there forever or sliding backwards.

I see it even in my high paying industry. People doing the same exact job for like 10 years. You talk to them about their direction, and they have none. They're just happy to treat water and hope the pool never gets drained while they are still in it. Then, when the layoffs do hit, they wander aimlessly wondering 'why me...'.

Very interesting you talk a lot of young ones needing to make smarter decisions in life which I agree. Your oldest kid and fiance having employment impacted by covid then getting out of an apartment then moving into their first house. Doesn't seem like sound decision making in these uncertain times?

 

[WDW Pro]

Wall Street is obsessed with streaming services. If Disney+ posts moderate growth, investors will be happy.

I'm told the stock may take the biggest hit over Netflix growing their base more. We'll see... it's a new source on that one, but heck of a thing to watch.

 

[Kamikaze]

Who knew the worst case scenario that we could imagine for the theme parks wasn’t even close to the nightmare unfolding

Worst case scenario was that they couldn't open until the vaccine arrived.

 

[asianway]

I'm told the stock may take the biggest hit over Netflix growing their base more. We'll see... it's a new source on that one, but heck of a thing to watch.

I had Netflix for a year, so much meh, had to cancel

 

[larryz]

Honestly, knowing what I know now, I should've gone to auto tech school. I've always been a car geek, loved tinkering with them, already do most of my own maintenance, and am smart enough to do my own books and marketing. Seeing how well my mechanic lives, that's the better choice.

 

[mwf5555]

I'm told the stock may take the biggest hit over Netflix growing their base more. We'll see... it's a new source on that one, but heck of a thing to watch.

any more info you can release on the layoffs? before or after the earnings report today?

 

[Dutch Inn '76]

I’m not saying that a living wage should depend on life choices. It has nothing to do with your age, marital status, or whether you have children. The research I mentioned determines “need” by considering how much it costs to pay rent and buy gas and groceries in the geographic location and sets a basic (starting) wage based on the cost to live there.

That sounds nice and all, but it just means that the popcorn vendor will be let go. No one can afford to pay unskilled workers a "living wage."

 

[Archie123]

Can’t speak for him, but a lot of us are working from home right now and can be flexible with how we use our time. Doesn’t make it “easy” by a long shot, and... oh, who am I kidding? I’m working like 15 hours a week right now.

Some people just get jealous.

 

[tirian]

I’ll say it again:

Wall Street is obsessed with not really losing a dime like they did during the housing crash...so the fed slid them $3,700,000,000,000 in a white envelope in an alley.

That’s how you “make it go away”

Don’t think D+ has much to do with it. The math has been stated on that for years. It’s $7 a pop...not like they act like they made $6,000,000,000 in the quarter off it.

I agree. However, every financial article from the last few days has emphasized the content Disney has put on D+. WS hopes subscriptions are skyrocketing even though other reports have suggested otherwise.

Many people pay less than $7. Remember that sign-up deal? Some Americans are paying $3/month. Plus, Verizon subscribers get it for free right now.

 

[the.dreamfinder]

That sounds nice and all, but it just means that the popcorn vendor will be let go. No one can afford to pay unskilled workers a "living wage."

High volume, high quality customer service is a skill.

 

[_caleb]

That sounds nice and all, but it just means that the popcorn vendor will be let go. No one can afford to pay unskilled workers a "living wage."

LOL

In-N-Out Burger (in Northern CA, a very expensive place to live) starts their “unskilled” employees at $16/hr.

Chick-fil-A in the same market hires at $16.50/hr.

CA minimum wage is $10/hr. The result of paying “unskilled” workers 150% of minimum wage is quality workers (motivated to keep better-laying jobs) who have a much higher job satisfaction (reducing expensive turnover and training).

Disneyland CMs make $10/hour.

 

[CaptainAmerica]

LOL

In-N-Out Burger (in Northern CA, a very expensive place to live) starts their “unskilled” employees at $16/hr.
Chick-fil-A in the same market hires at $16.50/hr.

Disneyland CMs make $10/hour.

Yet they still choose to work there instead of Chick-fil-a or In-N-Out. Weird.

CA minimum wage is $10/hr. The result of paying “unskilled” workers 150% of minimum wage is quality workers (motivated to keep better-laying jobs) who have a much higher job satisfaction (reducing expensive turnover and training).

Job satisfaction comes from more than just cash compensation.

 

[ImperfectPixie]

CA minimum wage is $10/hr. The result of paying “unskilled” workers 150% of minimum wage is quality workers (motivated to keep better-laying jobs) who have a much higher job satisfaction (reducing expensive turnover and training).

Disneyland CMs make $10/hour.

I'm a firm believer in "A well-treated employee is a good employee".

 

[_caleb]

Yet they still choose to work there instead of Chick-fil-a or In-N-Out.

The power of Pixie Dust!

Job satisfaction comes from more than just cash compensation.

I completely agree. And from what CMs and former CMs are reporting on these boards, Disney isn’t doing a great job at either.

 

[_caleb]

I'm a firm believer in "A well-treated employee is a good employee".

As am I! I’m in corporate training. I believe training makes the difference between success and failure. But if people are worried about being able to pay rent, they’re going to be stressed/distracted and their performance will be negatively affected no matter how well trained they are.

 

[Sirwalterraleigh]

Yet they still choose to work there instead of Chick-fil-a or In-N-Out.


Job satisfaction comes from more than just cash compensation.

1. You’re still acting as though someone walks out their front door and says “hmmm...where am I gonna go to work today by choice?i have so many options available to me!!” Thats a nice concept in a vaccuum.

2. You’re joking, right?

I'm a firm believer in "A well-treated employee is a good employee".

I believe every labor study ever has come to that same conclusion...

 

[ImperfectPixie]

As am I! I’m in corporate training. I believe training makes the difference between success and failure. But if people are worried about being able to pay rent, they’re going to be stressed/distracted and their performance will be negatively affected no matter how well trained they are.

I can agree with that...but...a well-treated employee also knows that they are appreciated, and will generally go the extra mile for their employer, should the need arise.