Vegas Disney Fan
Well-Known Member
Disneys was in negotiations with the union long before the layoffs were announced, they knew the raise was coming so they would have planned for it.This isn’t a finance or economics lesson, while yes the cost of labor will increase within the parks division, Disney was already planning these 7,000 layoffs and they started to occur before this raise was even approved. I feel like I’m bashing my head into a wall saying this over and over again
Not sure why it’s so controversial to admit a company will make cuts to offset increased costs, they all do it, we all do it in our personal lives too.
The real question is how many jobs were lost because of increased labor costs vs the number lost due to inflation, D+ loses, some box office bombs, Chapek restructuring, etc, etc, etc. Labor is definitely a factor, likely a minor one though.