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

[Sirwalterraleigh]

Josh D’Maro was seen apologizing to cast members all day today in Downtown Disney. This man has my sincerest respect. Someone please tell me he’s being groomed for CEO someday. I can’t think of many instances where someone that high on the Eboard would share in the pain of fellow employees.

Seriously though, D’Maro for CEO.

https:///2020/10/josh-damaro-comforts-cast-kj1/

Think it’s gonna take a bit more than that for CEO...

I think a tech creative Gen Xer from OUTSIDE Disney is the way to go when placeholder Bob gets the boot.

 

[MisterPenguin]

While the parks' development are currently moribund, Disney+ is a voracious beast for new content. Joe could get D+ money for more imagineering series, I bet.

 

[Sirwalterraleigh]

I'm most concerned about the possible cuts to the security and technology departments. Any major cuts to those departments make catastrophe inevitable.

Ummmm...why?

 

[Rteetz]

When did they put mandatory retirement in?

Good thing Marty sklar isn’t still around, huh?


...it could be happening...but I’m gonna need something more official to believe it.

I’m with you.

 

[Slpy3270]

When did they put mandatory retirement in?

Good thing Marty sklar isn’t still around, huh?


...it could be happening...but I’m gonna need something more official to believe it.

Mandatory retirement and forced retirement are two different things. Warner Bros. didn't have a mandatory retirement policy yet forced Alan Horn out anyway because they wanted Kevin Tsujihara as Chairman ASAP.

 

[Sirwalterraleigh]

I’m with you.

 

[Slpy3270]

Ummmm...why?

A) cybercrime and B) terrorism.

 

[UNCgolf]

Right I'm not saying "all executives are awesome." They're equally likely to be [butts] as any other person.

They're actually more likely, at least at the CEO level. There have been studies that show CEOs are far more likely to have sociopathic or psychopathic tendencies than the average person.

 

[Slpy3270]

While the parks' development are currently moribund, Disney+ is a voracious beast for new content. Joe could get D+ money for more imagineering series, I bet.

And the profits that Disney+ brings in for Disney? Zero.

I guarantee you they're making more money off ESPN/ABC/FX ad revenue and transmission fees right now than they are with streaming.

 

[Lilofan]

A) cybercrime and B) terrorism.

Cast members are experts in cybercrime? Companies outsource to companies that are more qualified in the field.

 

[asianway]

Joe Rohde has survived all the layoffs throughout his WDI career. If he goes, he can always write a book , go on a speaking tour ( when applicable ) or consult. He's got options.

Didn’t Spirit say he was clearing 7 figures? That’s quite a target

 

[Sirwalterraleigh]

Mandatory retirement and forced retirement are two different things. Warner Bros. didn't have a mandatory retirement policy yet forced Alan Horn out anyway because they wanted Kevin Tsujihara as Chairman ASAP.

Forced retirement is a firing. For whatever reason.

You are presenting it as a requirment.

If Rohde is being fired...for any reason...such as age, salary, a gutting/mothballing of imagineering, the CHANCE they can ever hit a budget without him...etc

I could see it.

But I need to see it.

 

[deWild]

Think it’s gonna take a bit more than that for CEO...

I think a tech creative Gen Xer from OUTSIDE Disney is the way to go when placeholder Bob gets the boot.

It might be a while until Bob steps down. But when he does, Josh would be absolutely be my first pick. I see your point though, some fresh blood would bode well for the company in the long term.

 

[TrainsOfDisney]

Might be true. His Instagram posts the last few days have been...unusual.

Not at all. If anything they have been less political than usual for him considering the debate etc.

 

[hopemax]

From a friend of a friend, the entire department at Disneyland that does the in-park guest surveys was cut. I am going to guess WDW’s was as well.

 

[seascape]

And the profits that Disney+ brings in for Disney? Zero.

I guarantee you they're making more money off ESPN/ABC/FX ad revenue and transmission fees right now than they are with streaming.

You are wrong on the profit side. Disney was only getting $300 million a year for their movie library. Disney+ is paying much more, currently will over $300 million a month. The fact that Disney+ loses money does not mean that the Walt Disney Company does not make more money from Disney+, even with the losses at Disney+, than they made from Netflix.

 

[MisterPenguin]

And the profits that Disney+ brings in for Disney? Zero.

I guarantee you they're making more money off ESPN/ABC/FX ad revenue and transmission fees right now than they are with streaming.

Umm... yes. Absolutely. That's not a surprise. It's the plan. Iger said it was Disney's number one priority on every quarterly call ever since D+ was announced.

For now, Disney is dumping money into D+ to make it popular enough that will be profitable. They had a three year plan for that and are way ahead of schedule. During those three years, Iger warned investors that D+ would be a loss on financials.

Disney keeps announcing more and more original content for D+. The pandemic is slowing production because of it being a pandemic, not because of pulling back investment in new content.

 

[Lilofan]

It might be a while until Bob steps down. But when he does, Josh would be absolutely be my first pick. I see your point though, some fresh blood would bode well for the company in the long term.

Iger I think is leaving at the end of 2021. He tried leaving a few times but the Disney Board convinced him to stay. If Josh doesn't get support from the board then he will be adios just like Rasulo and Staggs that were bypassed too.

 

[oceanbreeze77]

From a friend of a friend, the entire department at Disneyland that does the in-park guest surveys was cut. I am going to guess WDW’s was as well.

they are cutting whole departments wow.

 

[Sirwalterraleigh]

A) cybercrime and B) terrorism.

You have a wholly inflated view of security. Are they gonna then break up the fight in toon town in less than 25 minutes if there are less?

They are not an anti-terrorism unit either.

Cybercrime? Like the Chinese?

...wait...think I see the problem there?

Cast members are experts in cybercrime? Companies outsource to companies that are more qualified in the field.

Yeah...we’re off the reservation on this one...