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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
I said politically unbiased at least from the Disney video.
I only watched that video.
Of course you don’t need to watch a YouTube video you can just look at stock.
CaptainAmerica
Well-Known Member
I scooped Deadline by three hours, you heard it here first, folks.Deadline reporting the third wave of layoffs has started.
"The third wave of layoffs at Disney got under way today, sources tell Deadline.
It is estimated to effect around 700 employees across the board at the company, we’re told. While Parks and Resorts remain mainly untouched, the pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear.
Following the timeline of cuts Disney CEO Bob Iger confirmed in late March, this is expected to be the last of the significant layoffs at Disney for a while. However, there many still be some smaller cuts in the next couple of months, sources say."
Full article below.
Disney Begins Third Round Of Planned Layoffs – Update
EXCLUSIVE, updated with more details: The third wave of layoffs at Disney got underway today, sources tell Deadline. Rising from the earlier information, the cuts are estimated to affect more than 2,500 jobs across the board at the company, we’re now told. While Parks and Resorts remains mainly...deadline.com
CaptainAmerica
Well-Known Member
You can't.
Round 1, axe things that are being gotten rid of entirely.
Round 2, you merge Team A and Team B into combined Team C.
Round 3, now that Team C is in place, the new bosses of Team C can sift through the redundancies brought about by merging the former A and B.
CaptainAmerica
Well-Known Member
Hang on, the math doesn't add up here.
Last time we were told that they had reached 4,000 by the end of Wave 2. Now they're saying 700 more in Wave 3, which is supposed to be the final round.
4,000 + 700 ≠ 7,000
Edit for clarity: After I posted the above, reporting was updated to indicate that the current round is expected to be 2,500, not 700.
Last time we were told that they had reached 4,000 by the end of Wave 2. Now they're saying 700 more in Wave 3, which is supposed to be the final round.
4,000 + 700 ≠ 7,000
Edit for clarity: After I posted the above, reporting was updated to indicate that the current round is expected to be 2,500, not 700.
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Andrew C
You know what's funny?
yeah, I figured there was a reason why it was occurring in such a way.
GimpYancIent
Well-Known Member
Could some of the numbers be accounting for retirements and people just quitting?
CaptainAmerica
Well-Known Member
I believe that was supposed to have been included all along.
Nobody lost their job as the result of canceling Lake Nona.
Deadline has updated the article.
"Rising from the earlier information, the cuts are estimated to affect over 2500 jobs across the board at the company, we’re now told. While Parks and Resorts remain mainly untouched, the employee pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear."
Disney Begins Third Round Of Planned Layoffs – Update
EXCLUSIVE, updated with more details: The third wave of layoffs at Disney got underway today, sources tell Deadline. Rising from the earlier information, the cuts are estimated to affect more than 2,500 jobs across the board at the company, we’re now told. While Parks and Resorts remains mainly...
deadline.com
Andrew C
You know what's funny?
Dang...there it is...Deadline has updated the article.
"Rising from the earlier information, the cuts are estimated to affect over 2500 jobs across the board at the company, we’re now told. While Parks and Resorts remain mainly untouched, the employee pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear."
Disney Begins Third Round Of Planned Layoffs – Update
EXCLUSIVE, updated with more details: The third wave of layoffs at Disney got underway today, sources tell Deadline. Rising from the earlier information, the cuts are estimated to affect more than 2,500 jobs across the board at the company, we’re now told. While Parks and Resorts remains mainly...
CaptainAmerica
Well-Known Member
So assuming the first 4,000 included the elimination of a bunch of open positions that got cut, in terms of actual layoffs, this one could be the biggest.Deadline has updated the article.
"Rising from the earlier information, the cuts are estimated to affect over 2500 jobs across the board at the company, we’re now told. While Parks and Resorts remain mainly untouched, the employee pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear."
Disney Begins Third Round Of Planned Layoffs – Update
EXCLUSIVE, updated with more details: The third wave of layoffs at Disney got underway today, sources tell Deadline. Rising from the earlier information, the cuts are estimated to affect more than 2,500 jobs across the board at the company, we’re now told. While Parks and Resorts remains mainly...
asianway
Well-Known Member
Did WDI get hit in any of these?Deadline has updated the article.
"Rising from the earlier information, the cuts are estimated to affect over 2500 jobs across the board at the company, we’re now told. While Parks and Resorts remain mainly untouched, the employee pink slipping this week isn’t aimed at any particular division. We hear television, which was hit hard in the second round, is largely spared this time with a small number of layoffs, we hear."
Disney Begins Third Round Of Planned Layoffs – Update
EXCLUSIVE, updated with more details: The third wave of layoffs at Disney got underway today, sources tell Deadline. Rising from the earlier information, the cuts are estimated to affect more than 2,500 jobs across the board at the company, we’re now told. While Parks and Resorts remains mainly...
Vegas Disney Fan
Well-Known Member
This is all so sad, my GFs company just laid off about 25% of their staff, including her, in anticipation of a downturn. There’s not much hiring for (professional) jobs right now.
drnilescrane
Well-Known Member
It'll be interesting to see who this affects. We absolutely saw evidence of teams being let go, complete with news articles, but it didn't feel like 4000 in total.
The first round was them cutting senior leadership, the second round felt like them cutting entire teams and projects that were no longer priorities. Maybe this round is about trimming excess headcount from functions that aren't necessarily going away.
Sorry to hear that, hopefully she can find another role in the near future.
Stop it.
Everything is fine, it’s just biased clickbait YouTube videos.
At this point I just have to assume you’re lying and you don’t have a GF.
The economy is fine with RECORD JOBS!!!!
Vegas Disney Fan
Well-Known Member
Thanks, fortunately I can cover us both until she finds another job but given the choice I’d rather be spending that money on fun vacations than a second set of bills.
Sir_Cliff
Well-Known Member
There is some scope for positions between "everything is fine" and "THE COLLAPSE HAS BEGUN! PREPARE FOR STARVATION!"
TP2000
Well-Known Member
CNN is now using the phrasing "more than 2,500 layoffs" regarding this next round of layoffs staffing reductions.
I was listening to LA's most popular talk radio station on an App earlier, and they're covering Disney'slayoffs staffing reductions as rubbing salt in the wound of the ongoing Writer's Strike that has now entered its 4th week and is already causing financial hardships for smaller companies/businesses that cater to Hollywood.
It seems like these large job cuts have so far almost all centered in Disney's corporate headquarters around Southern California, and some in New York City or at ESPN in Connecticut.
Has there been any evidence of people being fired in big numbers in the Celebration offices or other Disney office complexes around Orlando?
Or is this really just a Southern California phenomenon at the big Disney campuses and office towers in Glendale and Burbank?
I was listening to LA's most popular talk radio station on an App earlier, and they're covering Disney's
It seems like these large job cuts have so far almost all centered in Disney's corporate headquarters around Southern California, and some in New York City or at ESPN in Connecticut.
Has there been any evidence of people being fired in big numbers in the Celebration offices or other Disney office complexes around Orlando?
Or is this really just a Southern California phenomenon at the big Disney campuses and office towers in Glendale and Burbank?
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