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

[mkt]

I don't know what people expect from Disney anymore.

First they are running the parks almost empty because for some God awful reason they decided to open during a raging and highly contagious pandemic. If I go there on a trip after I get home I'm going to have to self quarantine for another two weeks so it makes a vacation look silly.

Second the parks are open during a raging and highly contagious pandemic in the current ground zero of the raging and highly contagious pandemic. While Orlando isn't Miami it's still not ideal to travel there if only for the most dedicated in my opinion.

And finally the parks are open during a raging and highly contagious pandemic.

If you see the videos on Youtube you can easily see there are not enough guests in the park, it makes one wonder if they are making enough to make daily payroll after paying the bills. I don't know how Disney can support keeping the parks open right now without opening the gates for everyone.

Also, how was Disney supposed to plan for something like Covid-19 anyway? Give each guest a body condom?



Either way welcome back @PhotoDave219 and @mkt, I haven't seen you two sexy men post in a while, or when I have time to look around myself...

Fourth horseman is here.

Please calmly form a single file line for the apocalypse. If you have a fastpass for the apocalypse, a demon will escort you straight to where you belong.

 

[Bob Harlem]

I wouldn't consider Universal to be in the Metrowest area. Universal is at the corner of Kirkman/Vineland (well, it begins there). Technically, it's in the Dr. Phillips/I-Drive area. I would definitely consider Dr. Phillips HS in the DP area (there's a neighborhood next to it called Orange Tree that is most definitely considered Dr. Phillips).

It can be quite confusing because it blurs quite a bit in that area.

I'd consider metrowest the area North of Conroy Rd and East of Apopka Vineland. Dr. Phillips is south of Conroy Road, Turkey Lake Rd. to Apopka Vineland down to just north of Lake Buena Vista.

 

[pheneix]

FYI, layoffs have commenced at WD P&R.

I’m not able to disclose more at this time. But anyone with peeps at Team Disney can find out what’s up.

 

[CaptainAmerica]

FYI, layoffs have commenced at WD P&R.

I’m not able to disclose more at this time. But anyone with peeps at Team Disney can find out what’s up.

I wonder how quickly rumors are spreading with everyone working from home.

 

[asianway]

FYI, layoffs have commenced at WD P&R.

I’m not able to disclose more at this time. But anyone with peeps at Team Disney can find out what’s up.

now that’s a news dump

 

[po1998]

Well... just today Dunkin Donuts announced 800 stores are closing.

Time for Tim Hortons to invade Florida!

 

[esskay]

FYI, layoffs have commenced at WD P&R.

I’m not able to disclose more at this time. But anyone with peeps at Team Disney can find out what’s up.

Wonder if this will lead to some long term closures of some of the resorts (i.e a couple of years). If they do what makes sense and consolidate their operations then they have no business maintaining 25 resorts when they'd struggle to fill 5.

 

[Animaniac93-98]

Yeah, one Yoshi carousel and a kiosk with 2-3 Switches.

Chester and Hester's Nintendo-RAMA

"It's about Man's relationship with mushrooms...and Yoshi is a dinosaur" - Joe

 

[TheDisneyDaysOfOurLives]

I'd consider metrowest the area North of Conroy Rd and East of Apopka Vineland. Dr. Phillips is south of Conroy Road, Turkey Lake Rd. to Apopka Vineland down to just north of Lake Buena Vista.

Yeah, I think you have it right on the money. Not sure what you call the area where UO is really. Millenia kind of backs into it so possibly that encompasses UO but once again, not really

 

[coasterphil]

FYI, layoffs have commenced at WD P&R.

I’m not able to disclose more at this time. But anyone with peeps at Team Disney can find out what’s up.

They’ll have plenty of company. Epic Universe on pause and more layoffs announced today. The bloodletting is just starting.

www.orlandosentinel.com/business/tourism/os-bz-universal-layoffs-20200731-spkrzufc2fc3bpdbbyusgi3lxm-story.html%3foutputType=amp

 

[TheDisneyDaysOfOurLives]

Wonder if this will lead to some long term closures of some of the resorts (i.e a couple of years). If they do what makes sense and consolidate their operations then they have no business maintaining 25 resorts when they'd struggle to fill 5.

It should (and in a way, there's quite a few that haven't reopen yet). And take the time to figure out a refurb schedule for the resorts because you still have to spend money to maintain them so you might as well do it right so they're ready to sparkle when guests come back.

 

[Disorbust]

So at what level are the WD P&R layoffs?

 

[Brer Panther]

Bob Iger really is basically just Michael Eisner 2.0, isn't he?

 

[flynnibus]

If Covid didn't happen, I believe there still would have been a softening of international travel specifically in response to the protests... and possibly a very rapid pull back in some segments of domestic and business travel as well.

I would have taken riots and shutdowns at the airports for this kind of unrest to cause any noticeable dip at WDW.

WDW won't let that stuff get anywhere near the parks.. and everyone sees WDW as a get away from reality. Only if they had to run through firey road blocks or through violent protests in baggage claim would that happen. And you know a tourism city like Orlando wouldn't let the heart of their economy be challenged by people trying to disrupt tourists.

 

[Animaniac93-98]

Bob Iger really is basically just Michael Eisner 2.0, isn't he?

Bob was never as good as Eisner when Wells was alive IMO.

 

[flynnibus]

Remember when so many posters were drooling over Touring Plans view of what crowds would look like when the parks reopened.. making references to absolutely bonkers past data points like hurricanes? lol

And how people were filling pages of threads of just how they couldn't wait to get back into the parks.. and it was a daily thing about what day they could reschedule for??

Yeah... suckkers... This kind of massive correction was on the board as soon as governments started closing borders and commercial activity. This was going to happen even with a short shutdown.. and now with the future so uncertain, and borders shutdown effectively indefinitely at this point... All of this was like predicting the sunrise.

The one surprising thing out of this shutdown is just how strong luxury good sales continue to be. Economic uncertainty hasn't hit all job types equally.... Try going out and buying things like hot tubs, home entertainment stuff, etc... inventory is drained everywhere.

 

[asianway]

I would have taken riots and shutdowns at the airports for this kind of unrest to cause any noticeable dip at WDW.

WDW won't let that stuff get anywhere near the parks.. and everyone sees WDW as a get away from reality. Only if they had to run through firey road blocks or through violent protests in baggage claim would that happen. And you know a tourism city like Orlando wouldn't let the heart of their economy be challenged by people trying to disrupt tourists.

Mina did a great job

 

[PhotoDave219]

Remember when so many posters were drooling over Touring Plans view of what crowds would look like when the parks reopened.. making references to absolutely bonkers past data points like hurricanes? lol

And how people were filling pages of threads of just how they couldn't wait to get back into the parks.. and it was a daily thing about what day they could reschedule for??

Yeah... suckkers... This kind of massive correction was on the board as soon as governments started closing borders and commercial activity. This was going to happen even with a short shutdown.. and now with the future so uncertain, and borders shutdown effectively indefinitely at this point... All of this was like predicting the sunrise.

The one surprising thing out of this shutdown is just how strong luxury good sales continue to be. Economic uncertainty hasn't hit all job types equally.... Try going out and buying things like hot tubs, home entertainment stuff, etc... inventory is drained everywhere.

Clearly these people didn't pay any attention to the Post 9/11 Crowds of 2002-2005.

Things will not even begin to return to some sense of normal until this public health emergency ends.

 

[UNCgolf]

The one surprising thing out of this shutdown is just how strong luxury good sales continue to be. Economic uncertainty hasn't hit all job types equally.... Try going out and buying things like hot tubs, home entertainment stuff, etc... inventory is drained everywhere.

It's not just luxury goods -- home appliances are also almost impossible to get. I know someone who hasn't had a dishwasher for almost 3 months. Ordered it immediately after theirs broke and it won't be shipped until August.

 

[flynnibus]

Clearly these people didn't pay any attention to the Post 9/11 Crowds of 2002-2005.

Things will not even begin to return to some sense of normal until this public health emergency ends.

Was saying back then this situation would even dwarf the post 9/11 situation. Government has dumped trillions in to try to stop that... but it's only slowing things a bit. Now we have what will likely be a contested election coming up and that's going to throw the markets back in another tizzy.

There has certainly been some crazy stand outs in this period (like how quickly markets bounced up - allowing people to make CRAZY money in the market)... luxury spending... and some others. But the fundamentals are just wacked. I can't wait til the analyst call and see what the markets *actually* do with what should be an abysmal outlook.