Disney has been doing none of the above well recently. They have stumbled tremendously of late and are disregarding their own internal research pertaining to park operations. The only division of Disney that is currently profitable is the parks division. The have been short sighted trying to maximize profits now while destroying its core fan base. Guest satisfactions has been steadily dropping since they reopened.
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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
JoeCamel
Well-Known Member
Have you heard that Disney owns some TV channels and cruise lines?
matt9112
Well-Known Member
I’m going to be honest here…. A lot of people on this board talk,act and imply disney can never fail ( on the large scale indicative of anything remotely close to sears)
"The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
deadline.com
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
Disney Begins Round Of Layoffs Outside The U.S.
Disney layoffs process has begun in EMEA after the third round was started in US this week by Bob Iger.
deadline.com
TV channels are Dinosaurs going extinct. Cruise line is actually doing really well but I consider them floating resorts and right or wrong lumped them in with parks.
CaptainAmerica
Premium Member
You said "The only division of Disney that is currently profitable is the parks division."
The cable entertainment networks are profitable. ESPN is profitable. ABC is profitable. ABC News as a standalone venture is profitable. Theatrical distribution is profitable. Consumer Products are profitable.
"Shrinking" does not mean "unprofitable."
Everything in the company is profitable except streaming.
Ayla
Well-Known Member
It's required if a company is laying off more than 50 employees at a single site and they have more than 100 employees.
Ayla
Well-Known Member
I can think of one person here.
EeyoreFan#24
Well-Known Member
I’m no WARN expert, but I’ve been through enough layoffs to know that there is no black and white answer. There’s all kinds of rules when stuff applies and it doesn’t, and of course the “violations”…which aren’t really much more than paying off the employees for time.
I’m sure the corporate legal and HR teams know how to keep out of mandatory reporting (if they want too).
CaptainAmerica
Premium Member
All of the impacted Disney employees I've talked to were given 60 days.
Nobody was told "clean out your desk, you're out of here."
The people notified this week are not officially laid off until late July.
CaptainAmerica
Premium Member
Affected employees were not LAID OFF this week, they were given notice this week that they'd be laid off in late July.
If they want to get ahead, schedule their surgeries covered under health insurance before getting laid off.
Former DLR President Rebecca Campbell would still be employed if she did not accept the promotion to be Chairman of Int'l Operations which position was eliminated and she was one of the execs being let go."The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.
While the exact number is unknown, Deadline understands that circa-100 staff were informed earlier this week that their jobs are at risk of redundancy and have begun consultations. The staff are based in London and across the EMEA region. We understand the figure potentially impacted is proportionate to the staff layoffs in the U.S.
Sources indicate those most at risk are mainly in the marketing and press departments, along with back office such as talent acquisition, engineering, and IT. The Disney+ commissioning and production team are understood to be safe from the cuts for the time being, and they are seen as an important plank in Disney’s future strategy.
The cuts have long been anticipated. In April, Deadline reported that Disney’s international teams were braced for layoffs and content cuts. Non-U.S. staff had been particularly concerned by the departure of Rebecca Campbell, the Chairman of International Operations, whose exit was announced a day after Disney chief Bob Iger’s proposed layoffs first emerged in February and whose role was not replaced.
The Mouse House has approximately 5,000 staff outside the U.S., with around 40% based in Hammersmith, West London, and others stationed across Europe and Asia. Disney+’s content team is based in the English capital and reports to Diego Londono, the organization’s EVP, Media Networks and Content. There are also boots on the ground in key territories such as France and Germany.
Several sources alerted Deadline to the EMEA cuts on Wednesday, while some Disney staff posted on LinkedIn."
Full article below.
Disney Begins Round Of Layoffs Outside The U.S.
Disney layoffs process has begun in EMEA after the third round was started in US this week by Bob Iger.
True, but I think there is some creative book keeping going on also.
Illegal bookkeeping?
Comcast, Disney disagreed on how much Hulu is worth: Report
Disney and Comcast were reportedly at odds over the valuation of Hulu in recent years. Comcast could require Disney to buy out its stake in the streamer as early as January 2024.
Interesting, but not shocking at all, to read that Comcast and Disney have valuations of Hulu that are much different. We'll just have to wait until early in 2024 to find out what it's valued at by 3rd parties that each will employ.
No, no, "creative" bookkeeping. Much different. Like someone who appeared to have been stabbed but actually just fell on a knife 12 times.
But seriously, there is a lawsuit against Chappie and others for their bookkeeping and allegedly shifting and hiding things to make D+ losses look smaller. I doubt there's much merit to it, but it's enough to keep the theories afloat.
No don’t think it is illegal, just padding the books to make things look better than they really are which seems to be the norm in corporations lately. Not just Disney.