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

[Sirwalterraleigh]

View attachment 705443
The number on that screen cap was for YTD. Over five years, the DJIA was a 38% increase. So yes, Disney had a terrible performance against its peers.

That’s the “lead” that’s been buried about DIS for a long time.
If you judge financial performance…it’s been kinda flat over the last decade when compared to the climate

 

[ToTBellHop]

I’ve noticed longer lines for Jungle Cruise, so I guess layoffs have arrived for the skippers who make 6-figures. Honestly, it’s past-due. The jokes are more tired than the sleeping zebra I saw on my last cruise and I think after 51 years, they just take guests for granite. I hope future, $15/hr skippers are given a crash course and then allowed to wing it a bit.

 

[Sirwalterraleigh]

I’ve noticed longer lines for Jungle Cruise, so I guess layoffs have arrived for the skippers who make 6-figures. Honestly, it’s past-due. The jokes are more tired than the sleeping zebra I saw on my last cruise and I think after 51 years, they just take guests for granite. I hope future, $15/hr skippers are given a crash course and then allowed to wing it a bit.

Careful what you wish for…

The overall CM quality has declined over time as they “culled” those that are abstractly overpaid.

But they served a purpose. They are the “brass ring” that was in your face and gave you a reason to keep chugging.

Workplace psychology

 

[Tha Realest]

I’ll try to find it…

Heard a recap on Bloomberg as part of a discussion of how all the power brokers are try to lie their way out of it…because the teak waxing on a new yacht AINT CHEAP

https://www.cnn.com/2023/03/21/business/online-prices-cheaper-products/index.html

 

[HauntedPirate]

share that link friend?

As close as I have been able to find to the actual study:

https://www.cnn.com/2023/03/21/business/online-prices-cheaper-products/index.html

 

[Disstevefan1]

I’ve noticed longer lines for Jungle Cruise, so I guess layoffs have arrived for the skippers who make 6-figures. Honestly, it’s past-due. The jokes are more tired than the sleeping zebra I saw on my last cruise and I think after 51 years, they just take guests for granite. I hope future, $15/hr skippers are given a crash course and then allowed to wing it a bit.

I agree. Let’s close this down and re theme it into another Moana attraction as we need more of those.

 

[ToTBellHop]

I agree. Let’s close this down and re theme it into another Moana attraction as we need more of those.

I love this idea. You could journey along the river with Moana. They could call it Journey in Water with Moana.

 

[Sirwalterraleigh]

I love this idea. You could journey along the river with Moana. They could call it Journey in Water with Moana.

And they already have a statue that could be moved there with a crane and a couple of trucks

 

[networkpro]

Careful what you wish for…

The overall CM quality has declined over time as they “culled” those that are abstractly overpaid.

But they served a purpose. They are the “brass ring” that was in your face and gave you a reason to keep chugging.

Workplace psychology

Its a race to the bottom to cull labor "bloat" eliminating all high tenure and replace with less expensive workers. Not a desirable workforce mixture.

 

[Drdcm]

As close as I have been able to find to the actual study:

https://www.cnn.com/2023/03/21/business/online-prices-cheaper-products/index.html

I’ve been trying to find it as well. I don’t necessarily trust main stream news organizations to accurately interpret data supplied by someone else.

This goes across all news organizations unless I can see the data myself.

 

[Sirwalterraleigh]

Its a race to the bottom to cull labor "bloat" eliminating all high tenure and replace with less expensive workers. Not a desirable workforce mixture.

It’s one of my favorite “economic practices
“

Because it’s wrong and was never in doubt.

Just like trickle down

 

[Sirwalterraleigh]

I’ve been trying to find it as well. I don’t necessarily trust main stream news organizations to accurately interpret data supplied by someone else.

This goes across all news organizations unless I can see the data myself.

I hear that…don’t trust the spin machine blindly…

But on something like this? Given the conditions?

Probably don’t need a deep dive

 

[Lilofan]

…I was happy in the 80’s too

Called the value combo deal.

 

[Disstevefan1]

I love this idea. You could journey along the river with Moana. They could call it Journey in Water with Moana.

I could accept this on one condition. Moana is deleted from EPCOT

 

[Tha Realest]

They may want to hurry with those cuts, if this futures data portends what’s to come. Those times that followed were decidedly dark days for our country, it’s economy, and theme parks.

 

[KeithVH]

Its a race to the bottom to cull labor "bloat" eliminating all high tenure and replace with less expensive workers. Not a desirable workforce mixture.

That's happening to most of the tech sector too. Same concept, same outcome. Cutting OpEx is the easy way out.

 

[Piebald]

Just got a bunch of rejection emails from Disney from jobs I applied to in the fall. System cleanup with layoffs looming?

 

[ToTBellHop]

Just got a bunch of rejection emails from Disney from jobs I applied to in the fall. System cleanup with layoffs looming?

Either that or you can expect a Cease and Desist Letter.

 

[Piebald]

Either that or you can expect a Cease and Desist Letter.

Why would I expect a cease and desist letter...?

 

[Sirwalterraleigh]

They may want to hurry with those cuts, if this futures data portends what’s to come. Those times that followed were decidedly dark days for our country, it’s economy, and theme parks.

Businesses Assume the world banks are gonna give them blank check bailouts

Gee…I wonder why? (2 right answers)

…but they will keep pushing the engine until the tracks end.

When the economy get a cold…travels comes down with a hospitalized case of mono the day before