This is where the actual border problem is
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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
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Sirwalterraleigh
Premium Member
Gee…I bet there’s no coincidence on the timing for a guy that’s been thoroughly ineffective, huh?
Sirwalterraleigh
Premium Member
I think you have a lot of details twisted up here…
The hourly park roles which were the majority of the covid layoffs will not be affected. The parks are horribly short staffed right now, and they'll likely continue hiring for these roles while layoff off salaried professional CMs.
TP2000
Well-Known Member
Tha Realest
Well-Known Member
It’s also been reported that Lindelof is off of the next Star Wars film, and Kevin Feige’s project is also likely dead.
Maybe a house cleaning over at Lucasfilm, unless they have a bottomless pit of money to throw at unrealized development deals and costly reshoots.
Maybe a house cleaning over at Lucasfilm, unless they have a bottomless pit of money to throw at unrealized development deals and costly reshoots.
Wanted33
New Member
With Alonso being booted I'm guessing Kennedy, and others are looking for packing boxes. I'm sure they are expecting the other shoe to drop. What amazes me is that Iger started all of this mess, left Chapek to take the heat, then returned as the savior of Disney. You just can't make this stuff up.
Sirwalterraleigh
Premium Member
Adobe just released a very detailed consumer study showing how higher priced goods/brands are being dumped and lower end are gaining as money tightens…
Across all sectors/categories…
…I can’t think of any companies off the top of my head that could be bad for
May be some upcoming future residential real estate for sale offerings in Central Florida.Report from Deadline on the upcoming layoffs.
"With Disney’s April 3 shareholder meeting — a virtual affair this year — less than two weeks away, some clarity is emerging about the company’s plans to reduce staff and cut costs.
Insiders tell Deadline that multiple rounds of cuts are being prepared. The first one is being targeted for next week, we hear. (March 30 or 31 have been floated as possible dates, but that has not been confirmed.) According to sources, there will be a big wave in late April, described as “the big one” or a “bloodbath,” when a large portion of the cuts are expected to come.
Information varies on a potential third round of layoffs. Some say it might come between the one in late March and the one in late April, while others note that it could follow the one in late April if it’s deemed necessary. Disney declined to comment."
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"Following his promise to investors, Iger is determined to make a “statement” in the coming weeks, one insider says.
The cuts are expected to be spread across the company’s three divisions, Entertainment, ESPN and Parks, Experiences and Products, with marketing and distribution — including the disbanded Disney Media and Entertainment Distribution unit — among the business areas ripe for consolidation. Virtually every part of the sprawling Entertainment division is expected to be impacted in a meaningful way. There have been rumors about potential significant cuts at Hulu as well as sister studios ABC Signature and 20th Television, both on the business and content side. Despite rampant speculation about the two major TV studios potentially merging operations in some form, that still does not appear to be imminent.
ESPN, which is now its own distinct corporate division, also is being scrutinized. While it has thinned its ranks in recent years as pay-TV distribution has fallen from a peak of 100 million households in 2011 to about 74 million, the sports power at the same time is confronting a steady rise in rights fees. Stephen A. Smith, one of ESPN’s top personalities, recently noted that the network is “going to have cuts coming.” He addressed the topic on a recent episode of his podcast, Know Mercy, which is produced outside of Disney by Audacy’s Cadence13. “Hell, for all I know, I might be one of them,” mused Smith, who reportedly makes more than $13 million a year for hosting First Take, among many other roles. “Now, I doubt that. But it’s possible. No one knows.”"
Full article below.
Disney Layoff Rounds Likely Starting Before Annual Meeting; Details On Cuts Emerge
With Disney's April 3 shareholder meeting less than two weeks away, some clarity is emerging about the company's plans to reduce staff and cut costs.deadline.com
Disstevefan1
Well-Known Member
When this doesn't help, can we pin this on Iger?Report from Deadline on the upcoming layoffs.
"With Disney’s April 3 shareholder meeting — a virtual affair this year — less than two weeks away, some clarity is emerging about the company’s plans to reduce staff and cut costs.
Insiders tell Deadline that multiple rounds of cuts are being prepared. The first one is being targeted for next week, we hear. (March 30 or 31 have been floated as possible dates, but that has not been confirmed.) According to sources, there will be a big wave in late April, described as “the big one” or a “bloodbath,” when a large portion of the cuts are expected to come.
Information varies on a potential third round of layoffs. Some say it might come between the one in late March and the one in late April, while others note that it could follow the one in late April if it’s deemed necessary. Disney declined to comment."
-----
"Following his promise to investors, Iger is determined to make a “statement” in the coming weeks, one insider says.
The cuts are expected to be spread across the company’s three divisions, Entertainment, ESPN and Parks, Experiences and Products, with marketing and distribution — including the disbanded Disney Media and Entertainment Distribution unit — among the business areas ripe for consolidation. Virtually every part of the sprawling Entertainment division is expected to be impacted in a meaningful way. There have been rumors about potential significant cuts at Hulu as well as sister studios ABC Signature and 20th Television, both on the business and content side. Despite rampant speculation about the two major TV studios potentially merging operations in some form, that still does not appear to be imminent.
ESPN, which is now its own distinct corporate division, also is being scrutinized. While it has thinned its ranks in recent years as pay-TV distribution has fallen from a peak of 100 million households in 2011 to about 74 million, the sports power at the same time is confronting a steady rise in rights fees. Stephen A. Smith, one of ESPN’s top personalities, recently noted that the network is “going to have cuts coming.” He addressed the topic on a recent episode of his podcast, Know Mercy, which is produced outside of Disney by Audacy’s Cadence13. “Hell, for all I know, I might be one of them,” mused Smith, who reportedly makes more than $13 million a year for hosting First Take, among many other roles. “Now, I doubt that. But it’s possible. No one knows.”"
Full article below.
Disney Layoff Rounds Likely Starting Before Annual Meeting; Details On Cuts Emerge
With Disney's April 3 shareholder meeting less than two weeks away, some clarity is emerging about the company's plans to reduce staff and cut costs.
Chapek before he was laid off advised there will be layoffs. Iger is following through with the plan.
Only down 5% over the past 5 years. Adjusted for inflation, it's not too terrible. A share of DIS purchased 5 years ago is worth more than an equivalent amount of cash from 5 years ago.
But yeah.
Tha Realest
Well-Known Member
Disstevefan1
Well-Known Member
Oh, OK we can blame both, although since Iger still had an office at TWDC while Chapek was there, it was probably directed by Iger anyway.
Sirwalterraleigh
Premium Member
Well the national real estate market officially hit flat for the first time in over ten years last month…
…so double bonus
djkidkaz
Well-Known Member
Adobe just released a very detailed consumer study showing how higher priced goods/brands are being dumped and lower end are gaining as money tightens…
Across all sectors/categories…
…I can’t think of any companies off the top of my head that could be bad for
I just spent $29 at McDonald’s for a happy meal and a couple burgers and fries. The “lower end” brands aren’t much better than “higher end” brands at this moment.
Sirwalterraleigh
Premium Member
They are when people are running out of money and that is happening across the board.
But I agree…that sucks too.
You know what’s weird. You know what the best “value” place for me to get groceries - all things considered - is now?
Whole Foods.
I poop ye not
I get the double cheeseburger extra onions and pickles and fries combo for $2.99 at McDonalds.
Sirwalterraleigh
Premium Member
…I was happy in the 80’s too