Accurate. I have friends and family members of friends who are part of these Maingate, Team Disney, and Celebration offices layoff groups at WDW. Park operations managers have also been impacted. Of course Burbank and Glendale have been severely hit, but the Florida folks I know are frustrated with media's statements like "Parks and Resorts remains mainly untouched".
variety.com
Here’s a tip: never buy a stock when the financial people are predicting losses ahead
The comparison is they are Dow 30 companies who once seemed impenetrable. Does that mean Disney will collapse/be left behind? Of course not
My gut thinks they’ll layoff more…probably several thousand…in relatively short order. But the market has to be on the down to provide the proper cover."Disney reached its 7,000 layoffs goal, handing out notices to the remaining employees impacted in its third round of job cuts last Friday ahead of the Memorial Day holiday weekend, Variety has confirmed.
The Mouse House’s target was to conclude these companywide layoffs, which focused most heavily on the media divisions and left the parks largely untouched, ahead of the summer.
The company still has plans to eliminate more roles internationally over a period of time, according to a source close to the situation, but Disney has now concluded the benchmark it set in February, soon after Iger’s return as CEO upon the ousting of Bob Chapek."
Full article below.
Disney Completes 7,000 Job Cuts
Disney reached its 7,000 layoffs goal, handing out notices to the remaining employees impacted in its third round of job cuts last Friday.
Might want to cut back on the $1500 passes that didn’t sell and not try to sell everyone a $40 streaming package - with ads - that remind people exactly they were so gleeful to dump their cable 10 years ago too
markets.businessinsider.com
Well they have been beating the "recession is coming " drum for a year now so I guess the message is sinking in
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www.reuters.com
I wouldn’t call 75/1200 small. Pixar has been conspicuously absent from these announcements strange this didn’t leak out yetReuters is reporting 75 positions were eliminated at Pixar.
"Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade.
The cuts included "Lightyear" director Angus MacLane, a 26-year animator who was part of the senior creative team on such acclaimed films as “Toy Story 4” and “Coco.” Galyn Susman, producer of "Lightyear," also departed. Susman had been at Pixar since the release of the original “Toy Story” movie in 1995.
MacLane and Susman could not be reached for comment.
The cuts, which took place May 23, are part of Walt Disney Chief Executive Bob Iger’s previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs. That restructuring combined the film and television groups into a single Disney Entertainment unit and eliminated a division charged with distribution.
While small compared to Pixar's employee base of about 1,200, the layoffs are significant because the studio is a creative force generating franchises and characters that drive revenue across Disney."
Full article below.
Exclusive: Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts
While small compared to Pixar's employee base of about 1,200, the layoffs are notable because the studio is a creative force generating franchises and characters that drive revenue across Disney.
Wall Street has a knife to Iger's throat.
Sucks Chris is a friend of mine.
But they kept levy and messier? I really hope they don't try to become as unwatchable as tnt
I have no problem with chelios…he’s just a victim of ESPN half heartedly trying to cover hockey. I don’t know why they bother to try? Really poor quality.
