Greetings everyone,
For anyone who asks, yes, I still stand by my previous posts about Avatar not having a strong shot at becoming reality. But as long as Disney keeps perpetually pushing back the opening date (now 2017!), how will any of us ever get proved wrong?
However, I'm here today to talk about the exact opposite of new additions. Indeed, Disney's best kept secret going into 2013 is really about how hard it is about to take the meat cleaver to its workforce. Various sources in the media today will be reporting about a "cost savings review" that was initiated by Jay Rasulo after Disney's earnings miss to close their fiscal year. Today some of the results of that review will start tricking down below upper management to the people who will ultimately be responsible for carrying out the suggestions from that "review."
The bottom line is that P&R has been asked to find a way to eliminate 10% of its labor. This is inclusive of WDI to the cruise ships to the front line CMs at the parks. How they bring this about is up to them. Hiring freeze/layoffs/tighten part time and seasonal standards/etc. They have more than one tool at their disposal than merely firing people. But layoffs will be a part of this financial review and they are likely going to hurt. One such example is the dramatic reduction in operating hours for MK in 2013. MK basically has to have four shifts worth of personnel for every one position they have because of the nature of its holiday parties, EMH, and guest demand on weekends. Pare those hours back to where it is more manageable to only have three CMs on the payroll for every one position and you just saved yourself a lot of money.
I should also note that other divisions of WDC are going to be nailed a lot harder than P&R. The Studio in particular has a large number of redundant positions in a post-Lucasfilm environment.
I'll post more as it becomes available.
For anyone who asks, yes, I still stand by my previous posts about Avatar not having a strong shot at becoming reality. But as long as Disney keeps perpetually pushing back the opening date (now 2017!), how will any of us ever get proved wrong?
However, I'm here today to talk about the exact opposite of new additions. Indeed, Disney's best kept secret going into 2013 is really about how hard it is about to take the meat cleaver to its workforce. Various sources in the media today will be reporting about a "cost savings review" that was initiated by Jay Rasulo after Disney's earnings miss to close their fiscal year. Today some of the results of that review will start tricking down below upper management to the people who will ultimately be responsible for carrying out the suggestions from that "review."
The bottom line is that P&R has been asked to find a way to eliminate 10% of its labor. This is inclusive of WDI to the cruise ships to the front line CMs at the parks. How they bring this about is up to them. Hiring freeze/layoffs/tighten part time and seasonal standards/etc. They have more than one tool at their disposal than merely firing people. But layoffs will be a part of this financial review and they are likely going to hurt. One such example is the dramatic reduction in operating hours for MK in 2013. MK basically has to have four shifts worth of personnel for every one position they have because of the nature of its holiday parties, EMH, and guest demand on weekends. Pare those hours back to where it is more manageable to only have three CMs on the payroll for every one position and you just saved yourself a lot of money.
I should also note that other divisions of WDC are going to be nailed a lot harder than P&R. The Studio in particular has a large number of redundant positions in a post-Lucasfilm environment.
I'll post more as it becomes available.
