The fact that the rethemed Rocknrollercoaster to what it is now and Avengers Campus with Web Slingers clone cost 2 billion...makes one realize just how not far 17 billion will go in ten years with four theme parks, about two dozen hotel and properties, their shopping district, two water parks, transportation and infrastructure.
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News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings
- Thread starter wdwmagic
- Start date
Sirwalterraleigh
Premium Member
It will do next to nothing…which is why chest puffing by apologists looked silly
James Alucobond
Well-Known Member
It will do an equivalent amount to what they did over the past decade or so, which, if properly directed toward expansion, is not insignificant.
The article said "the first stage of the $2 billion," implying that Avengers Campus was just the first component of the $2 billion investment for WDSP, not that Avengers Campus cost $2 billion by itself.
Sirwalterraleigh
Premium Member
With their ghost accounting? You’re gonna be disappointed
and I’ll remind: nobody said “rides”
doctornick
Well-Known Member
IIRC Mulan and Jungle Cruise both got "premium access" where people could purchase the movies via D+. So that's a bunch of revenue not included in the totals which would certainly offset any "losses"
And of course the movies were released in a way largely to retain and build subscriptions in Disney+ so it makes it tough to "measure" their impact in that goal.
James Alucobond
Well-Known Member
I mean, ‘kay. Care to be actually specific about how these funds will be utilized in a way that differs significantly from the past decade? Take what was spent on the EPCOT spine and Cosmic Rewind and you have enough for Imagination, Wonders of Life, Spaceship Earth, and God knows what else. Take what was spent on Galaxy’s Edge, Toy Story Land, and Galactic Starcruiser and you have enough to rework the Animation Courtyard. Take what was spent on New Fantasyland and TRON and you have enough to expand Magic Kingdom. Take what was spent on Pandora and you have enough to add Moana to Animal Kingdom.
Not saying this is what they will do, but the funding model doesn’t even have to change from business as usual to get guest value.
Kamikaze
Well-Known Member
I thought you meant DCA, but you mean WDS Paris.
That cost also includes Arendelle and other upgrades/changes to the park.
Sirwalterraleigh
Premium Member
There are no “specifics”…and that’s the point/wiggle room.
All those things are ambiguous. As I said upthread: it could be planned room renovations twice over…infrastructure and replacement of older components.
Sure it COULD be $17,000,000,000 in rollercoasters and pyro drones…or nothing.
Literally nothing. It was said when they needed to be “pro-Florida” in the press and now with this weeks development you can see why?
It’s building a case…but nothing holding them to it.
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
Who do you guys think will get axed from Disney next week?"Walt Disney Co. plans to cut thousands of jobs next week, including about 15% of the staff in its entertainment division, according to people familiar with the plans.
The cuts will span TV, film, theme parks and corporate teams, affecting every region where Disney operates."
"...part of an overall strategy to shave $5.5 billion in annual costs."
Disney Is Poised to Eliminate Thousands of Jobs Next Week
Walt Disney Co. plans to cut thousands of jobs next week, including about 15% of the staff in its entertainment division, according to people familiar with the plans.www.bloomberg.com
JoeCamel
Well-Known Member
The wrong people
Sirwalterraleigh
Premium Member
HauntedMansionFLA
Well-Known Member
Iger?
With a net worth of almost $1B, he will not miss the weekly paycheck.
CaptainAmerica
Premium Member
I expect news to start leaking out of Bristol by mid-morning Eastern time.
Variety is reporting Disney expects to reach roughly 4,000 of its projected 7,000 staff cuts by Thursday. The full article is linked below after the memo.
"In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials.
While the Disney workforce will be reduced by thousands across divisions Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (hourly frontline operations roles at Parks and Resorts will not be affected), and locations from Burbank to New York and Connecticut, there are still more layoffs to come.
According to Disney, a third and final wave of cuts is expected to begin ahead of the summer, which will bring the Mouse House to its 7,000 layoffs target. (The figure represents 3.2% of Disney’s total headcount of about 220,000 worldwide as of Oct. 1, 2022.)"
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Here is the full memo sent today from Alan Bergman and Dana Walden.
Team,
As you all know, a few weeks ago the company began notifying employees whose roles are impacted as part of our overall business realignment and cost-savings efforts. We wanted to share that notifications will continue in many areas of the company over the next several days. In addition, restructuring in various businesses will continue for the next couple of months, and we do anticipate there will be further impacts before the summer, as previously shared. Each team is in a different place in this process, and your leaders will be sharing more context for your group soon.
These are hard decisions and not ones we take lightly – but every decision has been made with considerable thought, and we are doing everything we can to make sure this process is conducted with respect and compassion. The senior leadership teams have been working diligently to define our future organization, and our biggest priority has been getting this right, rather than getting it done fast. We recognize that it has been a period of uncertainty and thank you all for your understanding and patience.
This is a time of transition for Disney, and these changes affect everyone, whether or not your role is impacted. We are committed to supporting you through this period and encourage you to reach out to your leader or HR partner with any questions or for guidance, as needed.
While we are confident that these efforts will better position us for the future, we realize this all takes a toll. We want to acknowledge the impact of this moment and simply reiterate our appreciation for all of you and the passion and dedication you’ve brought to the work we do every day. And for those who will be leaving the company, please know that your contributions are valued and appreciated – you have all played a meaningful role in making Disney what it is today.
With gratitude,
Alan & Dana
variety.com
"In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials.
While the Disney workforce will be reduced by thousands across divisions Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (hourly frontline operations roles at Parks and Resorts will not be affected), and locations from Burbank to New York and Connecticut, there are still more layoffs to come.
According to Disney, a third and final wave of cuts is expected to begin ahead of the summer, which will bring the Mouse House to its 7,000 layoffs target. (The figure represents 3.2% of Disney’s total headcount of about 220,000 worldwide as of Oct. 1, 2022.)"
-----
Here is the full memo sent today from Alan Bergman and Dana Walden.
Team,
As you all know, a few weeks ago the company began notifying employees whose roles are impacted as part of our overall business realignment and cost-savings efforts. We wanted to share that notifications will continue in many areas of the company over the next several days. In addition, restructuring in various businesses will continue for the next couple of months, and we do anticipate there will be further impacts before the summer, as previously shared. Each team is in a different place in this process, and your leaders will be sharing more context for your group soon.
These are hard decisions and not ones we take lightly – but every decision has been made with considerable thought, and we are doing everything we can to make sure this process is conducted with respect and compassion. The senior leadership teams have been working diligently to define our future organization, and our biggest priority has been getting this right, rather than getting it done fast. We recognize that it has been a period of uncertainty and thank you all for your understanding and patience.
This is a time of transition for Disney, and these changes affect everyone, whether or not your role is impacted. We are committed to supporting you through this period and encourage you to reach out to your leader or HR partner with any questions or for guidance, as needed.
While we are confident that these efforts will better position us for the future, we realize this all takes a toll. We want to acknowledge the impact of this moment and simply reiterate our appreciation for all of you and the passion and dedication you’ve brought to the work we do every day. And for those who will be leaving the company, please know that your contributions are valued and appreciated – you have all played a meaningful role in making Disney what it is today.
With gratitude,
Alan & Dana
Disney to Reach 4,000 Layoffs This Week With Second Round of Cuts, Third Wave to Hit Ahead of Summer
In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today.
variety.com
CaptainAmerica
Premium Member
Jimmy Pitaro has one out too. Same stuff.Variety is reporting Disney expects to reach roughly 4,000 of its projected 7,000 staff cuts by Thursday. The full article is linked below after the memo.
"In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding with approximately 4,000 job eliminations completed overall by week’s end, according to company officials.
While the Disney workforce will be reduced by thousands across divisions Disney Entertainment, ESPN, and Disney Parks, Experiences and Products (hourly frontline operations roles at Parks and Resorts will not be affected), and locations from Burbank to New York and Connecticut, there are still more layoffs to come.
According to Disney, a third and final wave of cuts is expected to begin ahead of the summer, which will bring the Mouse House to its 7,000 layoffs target. (The figure represents 3.2% of Disney’s total headcount of about 220,000 worldwide as of Oct. 1, 2022.)"
-----
Here is the full memo sent today from Alan Bergman and Dana Walden.
Team,
As you all know, a few weeks ago the company began notifying employees whose roles are impacted as part of our overall business realignment and cost-savings efforts. We wanted to share that notifications will continue in many areas of the company over the next several days. In addition, restructuring in various businesses will continue for the next couple of months, and we do anticipate there will be further impacts before the summer, as previously shared. Each team is in a different place in this process, and your leaders will be sharing more context for your group soon.
These are hard decisions and not ones we take lightly – but every decision has been made with considerable thought, and we are doing everything we can to make sure this process is conducted with respect and compassion. The senior leadership teams have been working diligently to define our future organization, and our biggest priority has been getting this right, rather than getting it done fast. We recognize that it has been a period of uncertainty and thank you all for your understanding and patience.
This is a time of transition for Disney, and these changes affect everyone, whether or not your role is impacted. We are committed to supporting you through this period and encourage you to reach out to your leader or HR partner with any questions or for guidance, as needed.
While we are confident that these efforts will better position us for the future, we realize this all takes a toll. We want to acknowledge the impact of this moment and simply reiterate our appreciation for all of you and the passion and dedication you’ve brought to the work we do every day. And for those who will be leaving the company, please know that your contributions are valued and appreciated – you have all played a meaningful role in making Disney what it is today.
With gratitude,
Alan & Dana
Disney to Reach 4,000 Layoffs This Week With Second Round of Cuts, Third Wave to Hit Ahead of Summer
In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today.
