GoofGoof
Premium Member
Yes. We call the consultants the Bobs all the time
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Layoffs underway at Walt Disney World
- Thread starter wdwmagic
- Start date
JoeCamel
Well-Known Member
Please, the only "Massive Layoffs" in that link are from a rabid MAGAite. No facts there = fake news and you are spreading it.
You really should remove your post and this one with then link then insert an apology for trolling
Massive layoffs? I don't want to diminish the pain of those who do get laid off, but, 145 people in the size of a company as WDW is not 'massive.' That's 0.23% of the work force.
SeaWorld, so much very smaller than WDW is laying off 350. What do you call that, "apocalyptic"?
JoeCamel
Well-Known Member
He was referring to a fake post in the link to the squeal site. Not true and no basis to believe it is anything but political schemeing
Sirwalterraleigh
Premium Member
Agreed...
They do run a bloated operation - for sure - and could use some better structure...
...but they cut leads out of resort operations years ago and the quality has sucked more and more with each passing day. And the price goes up tremendously. So there's that too...
peter11435
Well-Known Member
I'm very familiar with what goes on within the company far beyond the color of new trash cans. You don't have to put on a name tag to have inside knowdledge and close connections. As I said it's unfortunate for those involved but changes were necessary.
bluetiedye
Active Member
Plus the article is pointing to a statement from Disney that says the layoffs are across global Disney Parks & Resorts, which has 145k employees, not just WDW.
Anyway, the big question to me is what happens to George Kalogridis, who runs WDW. If he stays, it's simply cost-cutting. If he goes, then it's part of a broader and more structural change to WDW.
peter11435
Well-Known Member
It's not nearly that simple.
That's nothing more than a discussion forum.....
JoeCamel
Well-Known Member
Worse IMO
AEfx
Well-Known Member
...of people that better be sure that they aren't accessing it on company computers, tablets, or smart phones, or contributing/reading it very well could end up being a self-fulfilling prophecy.
ford91exploder
Resident Curmudgeon
Probably not,
remember a bunch of little layoffs dont equal one WARN worthy one, And fer sure Disney does not want the blind analysts on the Street learning of a mass layoff because that runs counter to the 'Everything is Awesome' narrative from Burbank.
A mass layoff would have the analysts examining how EPS was derived and then the whole 'growth stock' illusion falls apart.
ford91exploder
Resident Curmudgeon
Or even from Disney WiFi on a private device
ford91exploder
Resident Curmudgeon
They are mad because i keep pointing to the elephant in the room, ALL the problems at WDW today are the DIRECT result of prioritizing FINANCIAL performance over BUSINESS performance and yes kids there is a difference.
Historically there is a formula for a disney style theme park. One invests about 20% of revenue into maintenance and expansion and the parks pretty much take care of themselves and generate a 20% or greater profit margin basically forever.
Disney at one point was down to 8% of revenue now they are at 12% and the only thing keeping margins up is constant layoffs and quality cuts.
Yet down the street there is another park following Disneys discarded playbook and investing that 20% and their margins are nearly twice those at Disney and attractions dont take a decade to build. Is it a 'better' park no not yet but it CAN be and that was never possible in the days when Disney concentrated on BUSINESS performance.
bluetiedye
Active Member
Would you expand? Of course, nothing is ever so simple, but what about the general sentiment do you disagree with?
GoofGoof
Premium Member
You do know that Comcast’s stock buyback program is bigger than TWDC right? I don’t disagree with your general point that TWDC is managing their business based on stock performance. Where I completely disagree is your implication that it’s only a Disney problem. This is a corporate America problem and your shining example down the road from WDW has a parent company that is just as guilty as Disney of playing the game.
While Comcast is willing to invest in new attractions they are also quick to close existing ones to do it which helps keep operating and maintenance costs down. When Disney tries to close an existing attraction to build a new one people grab their pitch forks and start an online petition. In your example, the more you have to spend on existing maintenance and operations the less you have to spend on new additions.
peter11435
Well-Known Member
What does or does not happen to George is in no way an indicator of the intent of this restructuring and layoffs. George makes an awful lot. If he is cut it could very well still be entirely about cost cutting. And if he stays it could still be about restructuring the organization for better operation.
AEfx
Well-Known Member
THIS. x1000.
In just about any discussion of this type, it all comes down to the bolded part and people just will not accept it.
The only counter is "well it's Disney, they are supposed to be different". No, they are a massive corporation and anyone who ran it much differently would not be in the job very long.
Then comes "well they used to be different". Well, the world used to be different, too.
The biggest source of ire and anger I see on these boards in general when talking about Disney is that people somehow feel that the company should have been able to exist in a magical bubble for the past forty years or so as the entire rest of the world has completely and utterly changed around it.