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

T

Trauma

Well-Known Member
TP2000 said:
Look, I don't like to brag, but I placed fairly high in a Spelling Bee in elementary school. I'm talking Top 5, and there were a dozen other kids on that stage! šŸ§

I read all the articles just fine last November about Disney's looming layoffs of Californians, in that 10 day period between Chapek's announcement on November 11th and his sudden ouster on November 21st.

www.cnbc.com

Disney plans hiring freeze, layoffs and cost cuts, according to a memo from CEO Bob Chapek

"We are limiting headcount additions through a targeted hiring freeze," Disney CEO Bob Chapek said in a memo obtained by CNBC.
www.cnbc.com www.cnbc.com
investorplace.com

Disney Layoffs 2022: What to Know About DIS Job Cuts, Hiring Freeze

In a leaked internal memo, Disney CEO Bob Chapek disclosed that the company would soon enact hiring freezes and layoffs.
investorplace.com investorplace.com
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Prove it.

Spell: Gobbledygook
 
TP2000

TP2000

Well-Known Member
Trauma said:
Prove it.

Spell: Gobbledygook
Click to expand...

I'm now laughing at myself because I had forgotten that childhood memory until I was accused of not having good reading comprehension when multiple national news outlets used the word "layoffs" in headlines about Disney last November.

I'm pretty sure I was Top 5 on that spelling bee stage. Top 4 even, perhaps. šŸ¤”

It's a shame my dear, sweet, sainted mother is no longer here. I could call her and ask "Mom, remember that spelling bee I was in? Was I in 4th or 5th place?" and she'd instantly rattle off detailed facts from many decades ago... "You came in 4th, honey! You lost on 'obfuscation'. That snotty Judy Oleson won and thought she was so cute. Your Aunt Ingrid told me she's now been divorced twice and had to move to Tacoma!"

Serves that snotty Judy Oleson right.
 
CaptainAmerica

CaptainAmerica

Premium Member
TP2000 said:
I haven't seen those either. The job cuts the past two months seem to have been made mostly on the Burbank Studio lot, and at Disney's white collar campus in Glendale just south of the WDI campus. Plus some corporate jobs based out of New York City or Stamford, CT (ESPN).

This third round of 2,500+ layoffs that is happening this week might involve some WDI jobs. Or it might stay focused on the Studios campus in Burbank and/or the big marketing and merchandising teams in the other Glendale campus.
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ESPN is in Bristol, Connecticut, not Stamford. Stamford is WWE and NBC Sports.

And there are hundreds, if not thousands of Disney employees on the Bristol campus who are not ESPN or at least not exclusively ESPN. Many of the Disney/ESPN distinctions went out the window three reorgs ago.
 
C

celluloid

Well-Known Member
TP2000 said:
I'm now laughing at myself because I had forgotten that childhood memory until I was accused of not having good reading comprehension when multiple national news outlets used the word "layoffs" in headlines about Disney last November.

I'm pretty sure I was Top 5 on that spelling bee stage. Top 4 even, perhaps. šŸ¤”

It's a shame my dear, sweet, sainted mother is no longer here. I could call her and ask "Mom, remember that spelling bee I was in? Was I in 4th or 5th place?" and she'd instantly rattle off detailed facts from many decades ago... "You came in 4th, honey! You lost on 'obfuscation'. That snotty Judy Oleson won and thought she was so cute. Your Aunt Ingrid told me she's now been divorced twice and had to move to Tacoma!"

Serves that snotty Judy Oleson right.
Click to expand...
Stupid Judy. Stupid obfuscation.
 
TP2000

TP2000

Well-Known Member
Disorbust said:
The cuts were not just in Cali entire teams at Team Disney and Maingate are also gone.
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I'm sure there were at least some layoffs in Florida. But they number less than 100 people total in Florida.

If Disney had laid off more than 100 people in the state of Florida, across multiple sites or all at one site, Disney would have had to file a WARN Act notice with the Department of Labor for Florida. Disney has not filed a WARN Act notice for Florida layoffs in 2022 or 2023.

 
TP2000

TP2000

Well-Known Member
This can't be a fun week in Burbank. Thousands more being walked out, and the stock price is doing this throughout... šŸ«¤

Wednesday.jpg
 
mkt

mkt

When a paradise is lost go straight to Disneyā„¢
Premium Member
tallica said:

Sears Rise and Fall: From World's Biggest Retailer to Bankruptcy This could happen to Disney.​

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So youā€™re comparing a retailer that failed to keep up with changing consumer habits, failed to diversify in ways that added value, insisted on being a catalog retailer during the shift to e-commerce, and the grossly mismanaged its assets with a vertically integrated multinational entertainment and tourism conglomerate that has invested deeply into what consumers want, studies its customer base obsessively, makes data driven decisions, and manages its assets exceptionally well, pushing for synergies at all steps of the way.

Right.
 
T

tallica

Well-Known Member
MisterPenguin said:
An article about how a big retailer failed.

And then compare it to Disney.

How about I post an article about a business that is thriving.

And then compare it to Disney?

IOW... there is no causal connections here.
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Easy at their peak no one thought Sears could fail, they did. Same could happen to Disney. No company is impeervious to failure.
 

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