News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings

John park hopper

Well-Known Member
I must add that Sears merchandise went from dependable and first class that you could depend on, to cheap and inferior. I especially noticed this in their appliances. We always bought Sears as the brand was so solid. Then they cheapafied everything. Their brand name went downhill after all that. Sound familiar?
I'm glad I am not the only one to notice Sears products went to crap. I can remember going to Sears with my Mom And Dad in the 50's and 60's Momsewing machine worked fine for 40 years. Fast forward got a Sears sewing machine for the wife in the 80's piece of junk same goes for their appliances and electric tools. Disney is not immune from this happening if they continue down the current path --may not be tomorrow or next year IMO it will happen
 

Drdcm

Well-Known Member
@MisterPenguin legitimate question... people say Disney is making billions of dollars and profit margins that they should offset to pay frontline employees.

With them announcing that they are going to pay out dividends and their current debts, how much “extra money” do you estimate they actually have in a perfect world?

The reason I ask, is because you seem to know this stuff well, and have probably already thought of this.
 

GimpYancIent

Well-Known Member
At 20 I was a a SGT in 1970 during Vietnam I think we calculated we were making 50 cents an hour since we were on duty 24/7 that came to about 90 bucks a week -- have the privilege of someone trying to kill you . The government got away cheap since we had no choice ---Drafted. Don't like the pay go somewhere else or get an education with makable skills
Thank you for your service. I was RA, and am a Vietnam Vet, I had my reasons, a different time and different attitudes. One thing though, you wanted something you worked for it. Like the old Smith Barney commercial "We make money the old fashion way. We earn it."
 

celluloid

Well-Known Member
I'm glad I am not the only one to notice Sears products went to crap. I can remember going to Sears with my Mom And Dad in the 50's and 60's Momsewing machine worked fine for 40 years. Fast forward got a Sears sewing machine for the wife in the 80's piece of junk same goes for their appliances and electric tools. Disney is not immune from this happening if they continue down the current path --may not be tomorrow or next year IMO it will happen

Furthermore.

remember as Kmart was going downhill as a department Stores for years, decades...they bought Sears for 11 billion in 2004 finances. They gave up on trying.

A company struggling for quality buying up competition sure sounds familiar too.
 

James Alucobond

Well-Known Member
I must add that Sears merchandise went from dependable and first class that you could depend on, to cheap and inferior. I especially noticed this in their appliances. We always bought Sears as the brand was so solid. Then they cheapafied everything. Their brand name went downhill after all that. Sound familiar?
That's because Kenmore wasn't actually produced by Sears. It was literally just a brand label they slapped on appliances from GE, Maytag, Whirlpool, etc. At one point, it was coveted, so those companies competed to earn a spot amongst the Kenmore lineup. As the Sears brand declined, so too did interest in surrendering the best of a product line to Kenmore.
 

DisneyHead123

Well-Known Member
I could be mis-remembering but I thought when I was there in December 2021, that at both disney springs and MK they were testing options for self check out. It wasn’t a kiosk but i believe you could scan QR code and pay with your phone. Maybe utilizing a feature of my Disney ex app? You already order and pay for quick service via app so not a large stretch to expand to other purchases
Our local Wegmans trialed a similar program around the same time but had to drop it because theft shot way up. Some of it unintentional - people absentmindedly forgot to scan things if they were getting multiple items. Some was apparently quite creative theft - people would find a similar, less expensive item to scan so that when the cashier quickly looked over their receipt on the way out it would look like all the items were there. From what I understand the theft issue was quite significant - I can’t imagine a place as busy as Disney wouldn’t notice an even bigger issue. I think they’ll go with some sort of “fun” self checkout eventually instead. Disney characters pop up on a screen and says hello at the checkout kiosk or something. (I actually really like that idea, I’m a fan of self checkout in general. It just seems to move faster.)
 

MisterPenguin

President of Animal Kingdom
Premium Member
@MisterPenguin legitimate question... people say Disney is making billions of dollars and profit margins that they should offset to pay frontline employees.

With them announcing that they are going to pay out dividends and their current debts, how much “extra money” do you estimate they actually have in a perfect world?

The reason I ask, is because you seem to know this stuff well, and have probably already thought of this.
Before the pandemic, Disney Corp was profiting $8-10B a year.

That's why the net cost of Fox at the time of $40B was not worrisome. With that debt and loss-leading their streamers until profitability in 2024 and Asia keep on closing their parks, Disney's on track to only make about $6B profit for the end of this fiscal year (at the end of Sep 2023).

Only $6B.

Disney has **a lot** of employees. I don't know the cost of giving all the frontline workers a raise.

For a company that has had a hiring freeze for the past 3 months and is looking to "lessen" employee ranks by 7,000, their help wanted site posted 225 jobs in just the last week. Just reaffirming D'Amaro's statement that frontline workers aren't part of the payroll reduction.
 

Rich Brownn

Well-Known Member
Our local Wegmans trialed a similar program around the same time but had to drop it because theft shot way up. Some of it unintentional - people absentmindedly forgot to scan things if they were getting multiple items. Some was apparently quite creative theft - people would find a similar, less expensive item to scan so that when the cashier quickly looked over their receipt on the way out it would look like all the items were there. From what I understand the theft issue was quite significant - I can’t imagine a place as busy as Disney wouldn’t notice an even bigger issue. I think they’ll go with some sort of “fun” self checkout eventually instead. Disney characters pop up on a screen and says hello at the checkout kiosk or something. (I actually really like that idea, I’m a fan of self checkout in general. It just seems to move faster.)
The future is no checkout, period. Amazon has tried this is a few small stores. Brightline does this is some markets. You scan in, pick up your items, and leave. The items are charged and a receipt is emailed to you.
 

Lilofan

Well-Known Member
The future is no checkout, period. Amazon has tried this is a few small stores. Brightline does this is some markets. You scan in, pick up your items, and leave. The items are charged and a receipt is emailed to you.
What happens when a few don't have a credit card and only pay cash?
 

DisneyHead123

Well-Known Member
The future is no checkout, period. Amazon has tried this is a few small stores. Brightline does this is some markets. You scan in, pick up your items, and leave. The items are charged and a receipt is emailed to you.
I’ve seen reviews of Amazon stores where people claim to get wrongly charged and then are extremely p***** off about it though. The idea of a store being able to charge me without me double checking the charges first really makes me nervous - I think customer complaints would be too high with that model.
 

JMcMahonEsq

Well-Known Member
What happens when a few don't have a credit card and only pay cash?
Then you can’t shop at such a location? The same thing that happened to old timers who only had horses and hadn’t purchased a car. Eventually technology moves on and you have to adjust or be left behind.

Although in reality stores may leave 1 or 2 registered open for payment, or you might be able to check out at the sole customer service location. However it will likely be so long/inconvient as to help force the general change over to cashless check out. Although most self check out locations still accept cash, so that could likely stay as the 1-2 registers in store
 

KeithVH

Well-Known Member
So I'm curious about the economics aspect of deciding what is "fair". The company has a net profit. That seems to be a sticking point. Technically this argument is even applicable to most any business that makes money. Isn't that why business is in business? For a profit?

OK. So if we agree on that (do we?), then what dollar amount is considered to be acceptable that the company can post? And anything above such a theoretical limit would - what? Turn the "excess" profits over to the employees?

Who gets to decide what these amounts are? based on what? Logic Feelings?

Just askin'.
 

HauntedPirate

Park nostalgist
Premium Member
So I'm curious about the economics aspect of deciding what is "fair". The company has a net profit. That seems to be a sticking point. Technically this argument is even applicable to most any business that makes money. Isn't that why business is in business? For a profit?

OK. So if we agree on that (do we?), then what dollar amount is considered to be acceptable that the company can post? And anything above such a theoretical limit would - what? Turn the "excess" profits over to the employees?

Who gets to decide what these amounts are? based on what? Logic Feelings?

Just askin'.

It's a question without an answer, because it's emotion vs. logic. I've asked public officials repeatedly for 2 decades for a percentage of what "fair share" is when it comes to taxation. Never received an answer. It's the same situation here - They can't answer because nebulous is what they require to keep the charade going.
 

JD80

Well-Known Member
One way to lower labor costs is seeing what I saw when I went to my neighborhood Target store. Good luck trying to find a cashier. There isn’t one, just the return desk staffed by one employee and 6 self service kiosks where I pay and bag my own items. I don’t see it now but never say never if Disney goes in this dirFlorida.
Disney already offers mobile checkout. I love the system.

I also love self checkout.
 

Rich Brownn

Well-Known Member
I’ve seen reviews of Amazon stores where people claim to get wrongly charged and then are extremely p***** off about it though. The idea of a store being able to charge me without me double checking the charges first really makes me nervous - I think customer complaints would be too high with that model.
And of course, cashiers never make mistakes nor or bar codes ever programmed with the wrong prices. Just like those errors, you check the receipt (which is emailed to you instantly).
 

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