Politics 28000 Layoffs coming to Disney's domestic theme parks - statement from Josh D'Amaro

[Lilofan]

Scott Trowbridge posted an Instagram a message that could be taken either way.

I’m going to guess Joe is on some sort of leave, he hasn’t returned to the office since quarantine. If they want to go ahead with Bahamas they will need him for political reasons.

Hopefully Steve stays around as long as possible.

Anyone else?

One post Scott from WDI still has on Instagram is "I don't know what the future holds. "

 

[marni1971]

Yes and no. Did the Disney public accept Pixar pier? To an extent. But they had already fixed so much of California adventure including adding midway mania to the the pier that the cheap additions didn’t stick out the same way.

The modern Disney audience did not accept California adventure 1.0 for example.

I think since 2001 the general Disney audience have grown to accept less. Even in the DCA / WDSP era standards were on the whole higher. Since then there’s a mentality that it must be good because we’ve been told it is. IMHO of course.

 

[marni1971]

And you still don't think these lockdowns are not politically-motivated?

Nope. You may have noticed there’s a kind of pandemic going around.

 

[Slpy3270]

If you need any reminder what message these layoffs send to investors, Citi maintained its Buy rating and price target while MoffettNathanson raised the price target.

 

[Q_Division]

I think since 2001 the general Disney audience have grown to accept less. Even in the DCA / WDSP era standards were on the whole higher. Since then there’s a mentality that it must be good because we’ve been told it is. IMHO of course.

Sad but I would agree with that. I still miss WDW of the 90s, it really was a different (and better IMO) experiance.

 

[Sirwalterraleigh]

If you need any reminder what message these layoffs send to investors, Citi maintained its Buy rating and price target while MoffettNathanson raised the price target.

No doubt...

Will be back to pre-covid price very soon unless the bottom falls out of the system as a whole.

 

[Sirwalterraleigh]

I think since 2001 the general Disney audience have grown to accept less. Even in the DCA / WDSP era standards were on the whole higher. Since then there’s a mentality that it must be good because we’ve been told it is. IMHO of course.

You know I love you and all...

But I’ll thank you NOT to enter my brain and steal my thoughts!

 

[Sirwalterraleigh]

Not the entire thing. I imagine quite large behind the scenes Photopass roles at the DRC that work on customer service and retrieval aspect of Photopass. It is not likely that many needed these days.

I have a feeling photopass doesn’t generate much in the way of sales anymore...

Not surprised if they cut a lot of staff there

 

[Lilofan]

If you need any reminder what message these layoffs send to investors, Citi maintained its Buy rating and price target while MoffettNathanson raised the price target.

It is extremely unfortunate that many will lose their jobs through no fault of their own. Layoffs in companies though at times sends positive messages to investors and Wall Street. That's nothing new. They see companies trying to overcome financial difficulties thru " restructuring ". The layoffs will no doubt reduce costs. Iger has been talking for a number of years with his vision of a leaner more efficient organization.

 

[marni1971]

You know I love you and all...

But I’ll thank you NOT to enter my brain and steal my thoughts!

Great minds

 

[Slpy3270]

So on one camp you have people who think that despite the layoffs the Covid impact will be temporary and that Disney will be largely unscathed.

On the other you have media journalists who say that Disney is doomed and that the company won't be the same anymore (with one even suggesting that the MCU is doomed because of no movie this year, George Floyd and Prime Video's The Boys).

Who is right?

 

[Q_Division]

So on one camp you have people who think that despite the layoffs the Covid impact will be temporary and that Disney will be largely unscathed.

On the other you have media journalists who say that Disney is doomed and that the company won't be the same anymore (with one even suggesting that the MCU is doomed because of no movie this year, George Floyd and Prime Video's The Boys).

Who is right?

I'm not sure I know the answer but I think Disney (the company) will be largely unscathed in the sense they will continue to travel in the direction they were travelling in. For things like the parks though I think (and worry) it will only accelerate the direction of motion to "lower quality" IP drivern experiences.

 

[networkpro]

So on one camp you have people who think that despite the layoffs the Covid impact will be temporary and that Disney will be largely unscathed.

On the other you have media journalists who say that Disney is doomed and that the company won't be the same anymore (with one even suggesting that the MCU is doomed because of no movie this year, George Floyd and Prime Video's The Boys).

Who is right?

Amazon's "The Boys" is a fevered adolescent fantasy that lacks a large back catalog of source material.

 

[Slpy3270]

Amazon's "The Boys" is a fevered adolescent fantasy that lacks a large back catalog of source material.

Prime Video is advertising the hell out of it.

 

[the.dreamfinder]

So on one camp you have people who think that despite the layoffs the Covid impact will be temporary and that Disney will be largely unscathed.

On the other you have media journalists who say that Disney is doomed and that the company won't be the same anymore (with one even suggesting that the MCU is doomed because of no movie this year, George Floyd and Prime Video's The Boys).

Who is right?

Nuance.

 

[JustAFan]

Tragic and sad indeed. Also not surprising. Props to Disney for holding out as long as they could in hopes the situation would improve. My hope is the current climate is temporary and these jobs return within a few years.

 

[Sirwalterraleigh]

So on one camp you have people who think that despite the layoffs the Covid impact will be temporary and that Disney will be largely unscathed.

On the other you have media journalists who say that Disney is doomed and that the company won't be the same anymore (with one even suggesting that the MCU is doomed because of no movie this year, George Floyd and Prime Video's The Boys).

Who is right?

Neither

 

[Slpy3270]

Neither

There's no third option these days.

 

[Sirwalterraleigh]

There's no third option these days.

The third option is the truth...which is often the case these days

 

[wdw71fan]

The california side of things is about to become very 'interesting'... Stay tuned.