Although this sucks, and is likely not necessary because of the money Disney makes, here are a few thoughts...
1. It's not unheard of at all for a massive company like Disney to reduce operating expenses elsewhere (at least temporarily) to try to offset a massive over expenditure (Shanghai). (Btw, does anyone know if cost overruns at Pandora are also a contributing factor?)
2. I see this in part to send a message to some O-Town middle managers from Chapek, that things better become more efficient. I'm okay with short term pain for long term gain. People on these boards have shouted to the hills forever about inefficiencies at TDO and WDI, and perhaps Chapek (and Bob Weis) need to let people know that things had better get better. Changing a culture is very difficult, and I think the perceived need to reduce operating expenses in the short term, is also being used as an opportunity to posture by the new people in charge.
3. There has been no mention of cuts to the budgets of major projects, refurbs, etc., nor should there be.
4. We went to WDW 7 times from December, 2007 to May, 2010 during the height of the recession and in the midst of significant, long term operating cutbacks. Except for the super annoying Fantasmic only twice each week fiasco, and parks occasionally closing earlier than we would have liked, we noticed no difference in service compared to our trips several years preceding 2007 and those to 2015. I mean that in terms of the operations, we didn't experience longer queues for attractions or service, any difference in room cleanliness, food quality, Magical Express service, etc. (The poor look of Splash, BTMRR, etc. during the recession was not a result of the recession cutbacks, but a 10 year lapse in maintenance which has, in general, improved during the past 3-4 years.) In other words, I don't believe that the cuts will be as deep as during 2007-2010, nor last very long. That being the case, I expect the impact on the guest experience to be minimal, if noticeable at all.
All of this micro analytical WDW discussion-which is what we do on these boards-can easily snowball into a 'sky is falling' mob mentality. Here's the thing. If we analysed, and got 'behind the scenes' info about any of our local businesses, hospitals, schools, churches, theater groups, symphony orchestra, etc., I can guarantee that we'd do the same thing. I know, as do you, people who work in many industries, and without exception, they all have issues with salary, management, reorganization, cutbacks, overtime, operations, budgets, travel expenses, and so on. I fully expect that my 2016 trip to WDW will be practically unaffected by these temporary cutbacks.