On layoffs, very bad attendance, and Iger's legacy being one of disgrace

Disorbust

Well-Known Member
If you look at the WARN site every airport in Florida, large and small, is having large layoffs. Florida unemployment runs out for CM s that were furloughed I believe in October (12+6 weeks the lowest in the country). The FLorida evictions moratorium runs out August 31st. DeSantis will not add the "$300" federal employment from Trumps executive order because he isn't sure its legal and if Florida is on the hook for itthe state will be bankrupted.

I can not wrap my head around how many are going to be homeless and food insecure.

So tell me again how if the execs don't get their 20% back they will lose talent? Where the hell are they going to go? How much talent do you need after such reductions.
 
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TheMagus

New Member
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You forget, but once they start calling people back to work, a large percentage will not return due to concerns of “contracting” Covid.

Our local school district had over 10% of staff refuse to come to work, upon being called to return.

This is not something forgotten- Disney already started calling people back in mid-June, and the point is really just tangently related to the question. The real question is whether the layoff will only apply to those still furloughed, or if they will lay off people called back, and replace them with people on furlough.

Those called back were called back based on the location where they were statused, or by tenure with the company when there was space and cause to do so. It is possible that they could lay off poor performers who were only called back because they were lucky to be working in an area re-opened, and replace them with a better-but-still-furloughed performer from another area still closed.

It is also possible they could focus on older, higher-seniority Cast in order to replace higher paychecks with lower ones, and to reduce forward pension obligations. Older leaders are still in the pension plan, which does not exist for newer leaders.

I'm sure there are still angles I am missing, but the poster who pointed out the Florida WARN system definitely got us closer to the mark.
 

Lilofan

Well-Known Member
You folks have to think of this like manufacturing. When your product isn't selling you have to lay off workers who make the product. The executives can't be laid off because they have to run things until business gets better. Sometimes higher level people do get laid off if a down turn is huge but not usually. Theme parks are just a factory, if there are no customers, you can't pay for a bunch of front line people to do nothing.

As far as upper management realize these guys spend to their salary level. They have more expensive mortgages, car loans along with retirement savings. If they have kids maybe private schools, college savings. $200-300K really isn't that much money for people with children. These people aren't rolling in cash, it all goes somewhere. You can say that's not fair, well go get their position. You will make more money. Oh.......you're totally unqualified for their jobs? Well that's a problem.


Over all Florida is going to be in serious trouble by spring. State governments and local governments will be broke. Orlando is going to have a serious problem with people who are dead broke. They either move somewhere else or more likely become violent and prone to stealing stuff. I would expect the crime rate in FL going up a lot by next spring. Etc. etc. At the moment this seems endless with the only entity really able to do something is the federal government but they seem to be doing their usual do nothing and fight about everything. I won't blame one party or another none of them are doing what they should do. Extra $600 a month was the right thing to do for the time, that should have kept going but congress is delaying that until it does no good. My favorite comment was "All this will be retroactive when get the details worked out." That shows a real lack of any knowledge of the finances of lower paid workers who pretty much live week to week with no large credit line of any kind. Retroactive will to late for many I fear.
I disagree. Execs get laid off in companies. When execs get laid off some do get a package and their responsibilities are combined with another exec that did not get laid off. When the going is good, companies created and expand the amount of execs, when the going gets tough, then some execs fall victim and are laid off. During the 2009 recession layoffs in our country, the local exotic car dealers started getting an abundance of trade ins of high end vehicles in my area due to high income earners ( some execs ) getting laid off and needing to sell back their toys.
 

Stevie Amsterdam

Well-Known Member
I disagree. Execs get laid off in companies. When execs get laid off some do get a package and their responsibilities are combined with another exec that did not get laid off. When the going is good, companies created and expand the amount of execs, when the going gets tough, then some execs fall victim and are laid off. During the 2009 recession layoffs in our country, the local exotic car dealers started getting an abundance of trade ins of high end vehicles in my area due to high income earners ( some execs ) getting laid off and needing to sell back their toys.
While this may be true in some companies, it is certainly not the standard. As @Corey P mentioned, the sword usually falls on the lower level jobs that actually make the product. If there are no customers buying the product, there is no need for workers to make them. When the going is good, companies often need to expand their workforce with new workers, not executives. And vice versa, the workers are the first to be let go when times are bad.
 

Stevie Amsterdam

Well-Known Member
I disagree. Execs get laid off in companies. When execs get laid off some do get a package and their responsibilities are combined with another exec that did not get laid off. When the going is good, companies created and expand the amount of execs, when the going gets tough, then some execs fall victim and are laid off. During the 2009 recession layoffs in our country, the local exotic car dealers started getting an abundance of trade ins of high end vehicles in my area due to high income earners ( some execs ) getting laid off and needing to sell back their toys.
You edited your post while I was writing a reply ;) There are many reasons for people to sell back expensive toys during a recession. Are you making an assumption that it was solely because of said people being laid off? Cause I for one sold some of my goodies even though I kept my job. It's just to add a little extra financial security by selling stuff back that you don't really need in the first place. That's a whole different thing then taking care of kids, mortgage, etc.
 

Lilofan

Well-Known Member
You edited your post while I was writing a reply ;) There are many reasons for people to sell back expensive toys during a recession. Are you making an assumption that it was solely because of said people being laid off? Cause I for one sold some of my goodies even though I kept my job. It's just to add a little extra financial security by selling stuff back that you don't really need in the first place. That's a whole different thing then taking care of kids, mortgage, etc.
In my neighborhood , yes. Fortunately I live within my means and don't get caught with that. And yes, kids were pulled from private schools and put in public schools and some unfortunately foreclosed on their homes.
 

Lilofan

Well-Known Member
While this may be true in some companies, it is certainly not the standard. As @Corey P mentioned, the sword usually falls on the lower level jobs that actually make the product. If there are no customers buying the product, there is no need for workers to make them. When the going is good, companies often need to expand their workforce with new workers, not executives. And vice versa, the workers are the first to be let go when times are bad.
Companies where I've worked for when the going is good expand their staff base however newly created " exec " positions take hold also. I knew some that were hesitant to apply and take on newly created exec positions. Some were right. These execs were some of the first to be laid off.
 

Polkadotdress

Well-Known Member
Florida unemployment runs out for CM s that were furloughed I believe in October (12+6 weeks the lowest in the country). The FLorida evictions moratorium runs out August 31st. DeSantis will not add the "$300" federal employment from Trumps executive order because he isn't sure its legal and if Florida is on the hook for itthe state will be bankrupted

FL unemployment is just 12 weeks. There are no additional +6 weeks. So, WDW Cast have long since reached the end of that road, and are surviving on the federal unemployment which pays at the state rate of $275/week. After taxes, that’s not enough to really live on.
 

Lilofan

Well-Known Member
FL unemployment is just 12 weeks. There are no additional +6 weeks. So, WDW Cast have long since reached the end of that road, and are surviving on the federal unemployment which pays at the state rate of $275/week. After taxes, that’s not enough to really live on.
That's desperate times for impacted people. To avoid homelessness, hopefully they can move in with someone they know.
 

Disorbust

Well-Known Member
FL unemployment is just 12 weeks. There are no additional +6 weeks. So, WDW Cast have long since reached the end of that road, and are surviving on the federal unemployment which pays at the state rate of $275/week. After taxes, that’s not enough to really live on.


There is an addition week for every increase of.5 % over the base unemployment rate. If it is Federal why is every state different?


Screen Shot 2020-08-25 at 6.36.24 AM.png
 

techgeek

Well-Known Member
There is an addition week for every increase of.5 % over the base unemployment rate. If it is Federal why is every state different?


View attachment 492914

I'm not sure where the '6 weeks' is coming from on that chart, I'm not aware of any benefit fitting that timeframe. In my case, in Florida, I have been collecting unemployment since the end of March. For 3 months I was receiving state benefits of $275/week, plus the federal $600/week until the end of July. When that ran out, my account was 'switched' over to a federal PEUC benefit that is funded at $275/week for an additional 12 weeks.

Here's the page from FL DEO that breaks it down: https://floridajobs.org/cares-act
 

Lilofan

Well-Known Member
I'm not sure where the '6 weeks' is coming from on that chart, I'm not aware of any benefit fitting that timeframe. In my case, in Florida, I have been collecting unemployment since the end of March. For 3 months I was receiving state benefits of $275/week, plus the federal $600/week until the end of July. When that ran out, my account was 'switched' over to a federal PEUC benefit that is funded at $275/week for an additional 12 weeks.

Here's the page from FL DEO that breaks it down: https://floridajobs.org/cares-act
That doesn't make sense. One has to apply for PEUC and see if they are eligible and only after the FL unemployment runs out and not any earlier. How was your account "switched"?
 

techgeek

Well-Known Member
That doesn't make sense. One has to apply for PEUC and see if they are eligible and only after the FL unemployment runs out and not any earlier. How was your account "switched"?

"That doesn't make sense." - welcome to the Florida Unemployment system lol... I'll grant you it's all very confusing, there was 3 different 'types' of benefit provided by the CARES act and some people fit into some buckets but not others. It's been a very hard process to navigate.

Once my original 3 month benefit available balance hit $0, there was simply a button that appeared in the benefit portal 'Apply for PEUC benefits'. I hit that, verified some information and the system reset my available benefit. Apparently it works differently depending on the date you originally applied, if you applied after early April I think I've seen the process is relatively automatic. Regardless, you still then have to go into the portal and 'claim' individual weeks of benefits twice a month.
 

Polkadotdress

Well-Known Member
There is an addition week for every increase of.5 % over the base unemployment rate. If it is Federal why is every state different?


View attachment 492914

There is an addendum that allows for additional weeks of unemployment IF unemployment reaches a certain %, which we’ve certainly reached. However, the “fine print” is that our FL legislature must vote on it (in Jan?) to approve it. So, although we’re hitting those levels now, the approval ( if it even comes) will be far too late.

FL is among the lowest unemployment, with the fewest weeks and smallest rate of pay.
 

SpoiledBlueMilk

Well-Known Member
The cold, hard truth is the pool of potentially good executives in this industry, or really any industry, is relatively much shallower than the pool of people qualified to be a front CM in the parks.
This is it. The people who are saying the Disney execs should be ashamed to take their compensation packages while frontline CMs are furloughed don't seem to appreciate how much risk actually climbs as you progress through corporate leadership.

After riding the COVID wave in my industry and watching how CEOs have reacted, I've gotten a better picture of the amazing stress they are under trying to navigate challenges that they never expected to encounter. Now multiply that by 1,000 when you are talking about the ELT of a company with so much breadth in the economy as Disney. Every move these executives make are being watched by the board, the market, regulators and shareholders not to mention the media and a rabid Disney fanbase. The number of people who have the talent and skill to work in this environment are few in number. Those who do should be compensated for their work.
 

Lilofan

Well-Known Member
"That doesn't make sense." - welcome to the Florida Unemployment system lol... I'll grant you it's all very confusing, there was 3 different 'types' of benefit provided by the CARES act and some people fit into some buckets but not others. It's been a very hard process to navigate.

Once my original 3 month benefit available balance hit $0, there was simply a button that appeared in the benefit portal 'Apply for PEUC benefits'. I hit that, verified some information and the system reset my available benefit. Apparently it works differently depending on the date you originally applied, if you applied after early April I think I've seen the process is relatively automatic. Regardless, you still then have to go into the portal and 'claim' individual weeks of benefits twice a month.
It makes sense now. You said account was switched but you actually had to apply for the benefit which you did online upon further explanation.
 

mkt

Maleante Izquierdozo
The cold, hard truth is the pool of potentially good executives in this industry, or really any industry, is relatively much shallower than the pool of people qualified to be a front CM in the parks.

Beyond that, Disney's higher leadership is extremely hard to get into, even if you meet their requirements.

As opposed to frontline CM's, where during normal times, the only requirement is a pulse.
 

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