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

[Homemade Imagineering]

Thanks! Talented guy!

Agreed! I discovered his Instagram last month, and he has some truly spectacular artwork on his page! He's also a huge Figment and Journey into Imagination fan! I was sad to hear he was laid off around a week ago. Hopefully he'll be able to come back to WDI in the future.

 

[thomas998]

Wait. I thought this was all going to happen on October 1st, the first day of the fiscal year?/!??

Some union contracts will require a certain amount of notice before the elimination of jobs is allowed. I've had relatives that worked in union shops and when the company was going to eliminate jobs they always had at least 30 days notice before the jobs went away, in one of the shops it was a complicated process where the management would say we need to eliminate 100 jobs in such and such department, and then the union would go through some process where seniority was used to see if those 100 that were going to be eliminated had enough years above other employees to bump the other employ out the door and take over their spot... I have no clue if Disney's unions are doing that but it wouldn't surprise me.

 

[the.dreamfinder]

The vultures are circling.

Activist Investor Dan Loeb Calls on Disney to Halt Dividend and “Double” Streaming Budget

The Third Point founder sent a letter to Disney's board Wednesday arguing that the move would help Disney capture a "transformational opportunity."

www.hollywoodreporter.com

Loeb's Third Point has been buying shares in Disney over the past few months. As of June 30, the company owned some 5.5 million shares in the entertainment giant, valued at more than $600 million.

 

[Minnesota disney fan]

Hey Guys!

Isn't this a layoff, Iger, and bad attendance thread????? Just asking? Let's all get together and sing,Kumbaya!

 

[The Mom]

I'm not sure how this thread went from the original topic to whether the food is better in Belgium versus Amsterdam, but please try to stay on topic. Thank you.

 

[Riverrafter21]

So, after the layoffs due to very bad attendance would Iger want a legacy of eating abroad in Amsterdam or Belgium?

 

[Minnesota disney fan]

So, after the layoffs due to bad attendance would Iger want a legacy of eating abroad in Amsterdam or Belgium?

Only while singing " Kumbaya",

 

[_caleb]

This is just another "Insider" doom and gloom thread that turned out to be obvious conclusions, wild guesses, uninformed speculation, and "Influencer" spin.

 

[JoeCamel]

This is just another "Insider" doom and gloom thread that turned out to be obvious conclusions, wild guesses, uninformed speculation, and "Influencer" spin.

But wait there's more........

 

[MisterPenguin]

The vultures are circling.

Activist Investor Dan Loeb Calls on Disney to Halt Dividend and “Double” Streaming Budget

The Third Point founder sent a letter to Disney's board Wednesday arguing that the move would help Disney capture a "transformational opportunity."

www.hollywoodreporter.com

Vulture?

He's recommending Disney double down on it's current strategy. No recommendation to sell off assets or merge.

Iger and the Board are probably doing head stands and spitting nickels over this endorsement of their strategy.

 

[DisneyDebRob]

I'm not sure how this thread went from the original topic to whether the food is better in Belgium versus Amsterdam, but please try to stay on topic. Thank you.

I thought all threads ventured into the culinary delights of Belgium, then circled back to the topic.

 

[the.dreamfinder]

Vulture?

He's recommending Disney double down on it's current strategy. No recommendation to sell off assets or merge.

Iger and the Board are probably doing head stands and spitting nickels over this endorsement of their strategy.

Wolf in sheep’s clothing.

Yes, what he’s proposing is a great idea, but his firm taking a fairly large, now possibly larger, stake in the company suggests he and others see weaknesses and are on the prowl.

 

[Lilofan]

I thought all threads ventured into the culinary delights of Belgium, then circled back to the topic.

Nothing much to talk about Belgium cuisine so good back on topic.

 

[networkpro]

I thought all threads ventured into the culinary delights of Belgium, then circled back to the topic.

I disagree, mayonnaise slapped on random items is epicurean terrorism.

 

[larryz]

I disagree, mayonnaise slapped on random items is epicurean terrorism.

You can get mayo on your fries at WDW, you just have to ask for it. I'm sure neither the layoffs, bad attendance nor Iger's legacy will affect that.*

*of course, following the European Model, you might have to cough up a Euro or two to get it...

 

[pocketlint]

I disagree, mayonnaise slapped on random items is epicurean terrorism.

but delicious epicurean terrorism

 

[Piebald]

Any word on layoffs at Universal announced today? Saw a cryptic post from a friend who works at the corporate level about being heartbroken for parks employees.

 

[brb1006]

Any word on layoffs at Universal announced today? Saw a cryptic post from a friend who works at the corporate level about being heartbroken for parks employees.

Not sure yet.

 

[TheMagus]

(it was commentary that many got the fiscal year date wrong and thought the full force of the layoffs were all going to happen on one day so that Disney's new fiscal year would be 'clean' of those employees As it is, a lot of the layoffs don't take place until one-third to two-thirds of the way through the new first quarter.)

That is because of the WARN Act.

Salaried and O&T people were notified by Oct 4th, but told to stay home and are being paid (or at least kept on the books with health benefits paid if furloughed) through December 4th to satisfy the 60 day notification required by the WARN Act, after which they will receive a severance package.

As for Union Cast, conversations and negotiations took place to figure out how it would be applied, implemented, and communicated, and a process had to be put in place to re-allocate existing Cast to fill whatever holes were left, based on seniority.

That took a little time, but it is about to happen.

 

[Ldno]

So what happens when you are on unemployment’s benefits, and the extended PEUC benefits run out, what other options are there For Laid off CM?