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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
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MagicHappens1971
Well-Known Member
They are a storytelling company lol
Tony the Tigger
Well-Known Member
I think a number of people here are being a little dramatic. These are not massive layoffs when you consider they are company-wide between, what, 200,000 people? This is not your favorite CM at WDW.
This is how companies fix themselves. This is life.
You want to eliminate parking fees at the resorts? You want CMs to get a raise? The cost has to come from somewhere. The world, even The World, is not a utopia.
This is how companies fix themselves. This is life.
You want to eliminate parking fees at the resorts? You want CMs to get a raise? The cost has to come from somewhere. The world, even The World, is not a utopia.
TP2000
Well-Known Member
Well, any salaried CM from a tenured senior TDO exec on down to the 25 year old Tomorrowland Terrace assistant manager who has to iron his own Dockers before his shift would be dumb to not know layoffs were coming.
Most of us have been talking about the layoffs since Bob Chapek announced them in November. And Iger didn't do a thing to reverse that statement when the coup happened shortly thereafter.
November 11th, 2022:
Disney Plans Layoffs, “Rigorous Review” Of Spending & Hiring Freeze; “Tough & Uncomfortable Decisions” Coming, CEO Bob Chapek Tells Staff
Reeling from a roller coaster stock market and earnings misses, the Walt Disney Company is about to start cutting spending, costs, and staff, CEO Bob Chapek said today. “I am fully aware this will be a difficult process for many of you and your teams,” Chapek wrote to Disney executives this...
deadline.com
Disney announces upcoming layoffs, hiring freeze to cut costs in internal memo from CEO Bob Chapek: report
Disney CEO Bob Chapek has warned staff members in an internal memo that they should expect to see the company take cost-saving measures, including layoffs and a hiring freeze.
www.foxbusiness.com
Then the Burbank Coup of '22 happened, and Iger returned. But he didn't reverse any of Chapek's recent cost cutting statements. In fact, Iger confirmed that layoffs were still being worked on for quick implementation.
November 29th, 2022:
Bob Iger quotes Hamilton as he paves the way for job cuts and Disney+ price hikes
“We have to start chasing profitability,” the returning Disney CEO said.
That brings us ten weeks later, after the senior executive teams for all divisions spent their Christmas vacations plotting layoff numbers and meeting reduced staffing goals. How could anyone not know layoffs were happening? They had three months to prepare.
February 9th, 2023:
Disney workforce cuts to affect all company divisions, including theme parks
Job cuts at The Walt Disney Company will affect every division, including theme parks, Spectrum News 13 in Florida reports. However, hourly frontline operations positions aren’t expected to b…
ktla.com
I'm sorry, but that's a reach. My post wasn't political at all.
Nothing in what I wrote implied that I believe "an elite media is hiding facts from us." I was simply stating that the very nature that Disney (and countless other companies) are laying off thousands is because the economy isn't at 100%—whether anyone likes it or not.
"Mainstream media" is not a political term. It simply means "major news outlet." Just check out this survey by Pew Research:
You and others are projecting politics that aren't there.
And thanks for calling me a conspiracy theorist.
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Alanzo
Well-Known Member
I'm sorry, but that's a reach. My post wasn't political at all.
Nothing in what I wrote implied that I believe "an elite media is hiding facts from us." I was simply stating that the very nature that Disney (and countless other companies) are laying off thousands is because the economy isn't at 100%—whether anyone likes it or not.
"Mainstream media" is not a political term. It simply means "major news outlet." Just check out this survey by Pew Research:
View attachment 697502
You and others are projecting politics that aren't there.
And thanks for calling me a conspiracy theorist.
Here, I added back this commentary that you failed to include from Pew's own writeup describing the graphic you just shared. I have also included screenshots of the links provided in the same Pew source you just shared that refer to politically critical views of mainstream media.
This should clear things up as to where I was coming from. Not exactly a reach to assume someone using the exact same phrasing is coming up with a similar, politics-driven critique in the same vein.
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Once again, my post was not meant to be political. I'm sorry you interpreted it that way.
Just because a term has been used in a political way does not make the term inherently political. It seems a majority of those on this forum disagree with you.
Alanzo
Well-Known Member
All good! No need to apologize. And I agree that it's totally possible to be critical of the major news outlets and not have it be politically driven.
I just was answering the question of "how could me blaming <<mainstream media>> for <<deliberately misleading the public>> possibly be construed as political?". Even the Pew survey acknowledges that these political critiques have been fermenting for years.
I basically ignore almost all of the major news outlets because they teeter so much in infotainment instead of journalism but I never thought there was this concerted effort to hide certain realities from me.
TP2000
Well-Known Member
So I take it your name isn't on the interest list for StoryLiving?
"world-famous Disney service"....
..... 
They have been for 100 years. We don’t need constantly reminding as if D’Amaro has just discovered it.
In other news this is doing the rounds
yensidtlaw1969
Well-Known Member
Then I wish they'd find less trite and more intentional ways of telling their own company's story.
It's easy to call yourself a storytelling company - most movie studios do it to some extent. The problem arises when your actions chronically reflect that isn't actually much of a priority outside putting positive spin on what you're really invested in.
7K layoffs of a team of 200K cast members makes bigger news than Yahoo recently announced layoffs of 20% of company.Well, any salaried CM from a tenured senior TDO exec on down to the 25 year old Tomorrowland Terrace assistant manager who has to iron his own Dockers before his shift would be dumb to not know layoffs were coming.
Most of us have been talking about the layoffs since Bob Chapek announced them in November. And Iger didn't do a thing to reverse that statement when the coup happened shortly thereafter.
November 11th, 2022:
Disney Plans Layoffs, “Rigorous Review” Of Spending & Hiring Freeze; “Tough & Uncomfortable Decisions” Coming, CEO Bob Chapek Tells Staff
Reeling from a roller coaster stock market and earnings misses, the Walt Disney Company is about to start cutting spending, costs, and staff, CEO Bob Chapek said today. “I am fully aware this will be a difficult process for many of you and your teams,” Chapek wrote to Disney executives this...Disney announces upcoming layoffs, hiring freeze to cut costs in internal memo from CEO Bob Chapek: report
Disney CEO Bob Chapek has warned staff members in an internal memo that they should expect to see the company take cost-saving measures, including layoffs and a hiring freeze.
Then the Burbank Coup of '22 happened, and Iger returned. But he didn't reverse any of Chapek's recent cost cutting statements. In fact, Iger confirmed that layoffs were still being worked on for quick implementation.
November 29th, 2022:
Bob Iger quotes Hamilton as he paves the way for job cuts and Disney+ price hikes
“We have to start chasing profitability,” the returning Disney CEO said.fortune.com
That brings us ten weeks later, after the senior executive teams for all divisions spent their Christmas vacations plotting layoff numbers and meeting reduced staffing goals. How could anyone not know layoffs were happening? They had three months to prepare.
February 9th, 2023:
Disney workforce cuts to affect all company divisions, including theme parks
Job cuts at The Walt Disney Company will affect every division, including theme parks, Spectrum News 13 in Florida reports. However, hourly frontline operations positions aren’t expected to b…
Tony the Tigger
Well-Known Member
Do explain.
Sirwalterraleigh
Premium Member
Except the term has become a bit of a running joke now…
I think it’s more the 3 years of Covid excuses and talk of their “desperation” to find quality…particularly around parks.
Now that they are “out of Covid”…the slash and burn looks budget
Tony the Tigger
Well-Known Member
I think I’m so over the dripping cynicism.
Covid was real. It really had many different kinds of effects on businesses. Every day counts in business when you have to hit your numbers. There is a fine line between “things are running smoothly” and “things are going down the drain.” It can turn on a few months.
If some extra stuff got cut “for covid reasons” which *maybe* were already eyed for cuts before, guess what - nobody here is some great detective and this is not “gotcha.” This is standard, run of the mill, dog-eat-dog, kill or be killed business.
And frankly, with the internet, people have become privy to information to which they are not entitled, and able to offer opinions with zero basis in expertise or experience - just “feelings.” “I think I know theming better than imagineers.” “I think I should second guess my surgeon’s cuts because mommy told me I’m special and my opinion is valid.” “I think everybody should keep their entry level jobs for double the salary and prices should come down.” “I think it should never rain but crops should grow, anyway.”
This board has often led me to wonder whether the thing that leads us here (love of Disney) more often indicates some of us haven’t grown up.
How about having it come from those ridiculous executive bonuses?
Tony the Tigger
Well-Known Member
Yes, that’s what people always say, and it’s about as realistic as Congress putting term limits on themselves.
Come on.
CaptainAmerica
Premium Member
Incentive-based compensation is how you make sure that the executives are personally invested in the company's performance. When executive compensation consists primarily of guaranteed salaries instead of bonuses, they're encouraged to phone it in and just collect their paychecks.
Also, 7,000 employees with salary and benefits is something like a billion dollars, with a "b." If the entire C-suite compensation was cut to zero, it wouldn't come anywhere close to billion, with a "b."
LOL, so true. I don't believe it either. But every now and then it just has to be said.