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

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DCBaker

Premium Member
Some news on layoffs at D23.

"Also hit by layoffs was D23, the official fan club for the Walt Disney Co. Founded in 2009, the organization is mostly known for the biennial D23 Expo fan confab, with the next one slated for September.

The size of the cuts is in the double-digits, with some sources indicating that as much as a quarter of the staff or more was affected amid speculation that the division may be restructured."

deadline.com

Disney Layoffs: Disney Branded Television Exec Leaving, 20th Digital Studio Folding, D23 Team Downsizing – Update

UPDATED: We are in Day 3 of Disney’s second round of layoffs, which has included a senior level programming executive at Disney Branded Television. Additionally, we are including a couple of …
deadline.com deadline.com
 
D

DCBaker

Premium Member
"Jerrell Jimerson, chief product officer for Disney Streaming, is departing the company amid ongoing layoffs.

An insider confirmed his exit to Deadline. As product chief, Jimerson oversaw the look and feel of Disney+, Star+ and Hulu, steering their user experience and design. Jimerson came to the company in 2018 via Bamtech, the streaming arm of Major League Baseball. Disney acquired majority control of Bamtech in 2017 as it built up technological capabilities, gaining 100% ownership last year."

deadline.com

Disney Streaming Product Chief Jerrell Jimerson Exits In Layoffs

Jerrell Jimerson, chief product officer for Disney Streaming, is departing the company amid ongoing layoffs.
deadline.com deadline.com
 
EeyoreFan#24

EeyoreFan#24

Well-Known Member
Look I know people loosing those jobs isn’t funny, but first glance at the homepage article headline sounded like they were laying off the fans now.
 
HauntedMansionFLA

HauntedMansionFLA

Well-Known Member
DCBaker said:
"Jerrell Jimerson, chief product officer for Disney Streaming, is departing the company amid ongoing layoffs.

An insider confirmed his exit to Deadline. As product chief, Jimerson oversaw the look and feel of Disney+, Star+ and Hulu, steering their user experience and design. Jimerson came to the company in 2018 via Bamtech, the streaming arm of Major League Baseball. Disney acquired majority control of Bamtech in 2017 as it built up technological capabilities, gaining 100% ownership last year."

deadline.com

Disney Streaming Product Chief Jerrell Jimerson Exits In Layoffs

Jerrell Jimerson, chief product officer for Disney Streaming, is departing the company amid ongoing layoffs.
deadline.com deadline.com
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I wonder when they will come out with the news of big names leaving the theme parks.
 
asianway

asianway

Well-Known Member
CaptainAmerica said:
Parks impact shouldn't be as drastic. Their org hasn't changed. They might lose some bodies but they're not merging departments with multiple layers of leadership like the-segment-formerly-known-as-DMED is.
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I’m expecting at least a deck chair shuffling like we’ve come to expect every couple years
 
wtyy21

wtyy21

Well-Known Member
The current layoffs saw 20th Digital Studio dissolved. Too sad to see them dissolved just four years after acquired by Disney in 2019.

However, just few days ago, 20th Digital Studio new logo was unveiled and created by Robert Holby.
 
Disstevefan1

Disstevefan1

Well-Known Member
JoeCamel said:
Seems the current crop of Disney copywriters are still employed and they never did hire that copy check/editor guy........
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Layed or Laid? I looked it up:
"Since both are different forms of the same word and mean exactly the same thing, Laid is the standard Past indefinite and participle form of Lay and Layed is its archaic version. Both are theoretically acceptable in the English language but LAID is preferred by most people so it is always safer to opt for it.Since both are different forms of the same word and mean exactly the same thing, Laid is the standard Past indefinite and participle form of Lay and Layed is its archaic version. Both are theoretically acceptable in the English language but LAID is preferred by most people, so it is always safer to opt for it."
But for you, I have had the stone cutters change it to the safer option:
7KLaidOff.jpg
 
AEfx

AEfx

Well-Known Member
DCBaker said:
The size of the cuts is in the double-digits, with some sources indicating that as much as a quarter of the staff or more was affected amid speculation that the division may be restructured."
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I don't find this surprising, and I won't be shocked if it slowly dwindles and effectively goes away after the next one, becoming an online-only thing. Especially after the lackluster fan response to this past event.

I've often wondered how much sense it was to have a full-time department devoted to D23, and the profitability of D23 itself. I'm sure it is argued internally that regardless, it helps brand retention, etc. - but, one wonders how many of those people that actually travel to D23 wouldn't just end up going on another vacation to a Disney park if D23 didn't exist.

I mean, we've known since the beginning that the whole "be an insider!" conceit was, well, a conceit - I remember the general response here when this was all announced was kind of laughing about it, since the real insiders were places like WDW Magic and any "news" would either be old news to us, or quickly disseminated on the internet.

This is only magnified today - social media was in its infancy when D23 launched, and all these years later - one really questions the viability of it all when social media attracts far more people, and Disney is already paying bundles to have that managed. Why bother at all when those people who do spend money on it would more than likely still spend the money with Disney.
 
KeithVH

KeithVH

Well-Known Member
OK. I'm unclear on something. From what I'm seeing, the cuts seems to be driven by economic concerns and are about the position. Rather than about the person being cut for performance reasons. Right?

Is that correct? Not sure what their review cycle (or methodology) is to be used to determine the bottom X% (how most companies would do this). Or is the company actually doing this since multiple people seem to be right below C-suite level individuals and someone is cleaning house to get rid of specific people?
 
flynnibus

flynnibus

Premium Member
KeithVH said:
OK. I'm unclear on something. From what I'm seeing, the cuts seems to be driven by economic concerns and are about the position. Rather than about the person being cut for performance reasons. Right?
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That’s why its a restructuring - not just a reduction in force (cut 10% etc)

Entire units are being dissolved, rescoped, or merged.

Given the scale and breadth- doesn’t look like a lot of open seats for all these execs to slide to.. so out they go
 
KeithVH

KeithVH

Well-Known Member
flynnibus said:
That’s why its a restructuring - not just a reduction in force (cut 10% etc)

Entire units are being dissolved, rescoped, or merged.

Given the scale and breadth- doesn’t look like a lot of open seats for all these execs to slide to.. so out they go
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OK. Does that mean TWDC looks at business units across the spectrum on a P&L sheet and judges that way (simplified)? As a Big 4 person, our driver was always Margin (profit) but when I was in industry (tech), pretty much everything in the company was basically a good ol' cost center. Making money was never the goal of the individual groups.

Is Disney different because they're entertainment?
 
John park hopper

John park hopper

Well-Known Member
TsWade2 said:
Well, Bob a Iger said he’s going to make sure that Disney is suppose to be entertainment driven, not political agenda driven. That’s also the reason why Disney is laying off people. I speak the truth. By the way, I don’t listen to WDW Pro anymore. He has too much negativity.
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Did Bob really say this --his actions don't support this statement.
 

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