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

Sirwalterraleigh

Sirwalterraleigh

Premium Member
CaptainAmerica said:
The weird part is that companies aren't catching up. Everyone who works for a "city office" company is working from home and will likely be working from home for the next year, if not forever. But nobody has bothered to tell the recruiters, so companies filling open positions are still filling them as if you need to relocate to Manhattan or San Francisco or wherever.
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I don’t usually consider ZipRecruiter and monsterjobs to be the brightest candles in the chandelier
 
Nubs70

Nubs70

Well-Known Member
CaptainAmerica said:
The weird part is that companies aren't catching up. Everyone who works for a "city office" company is working from home and will likely be working from home for the next year, if not forever. But nobody has bothered to tell the recruiters, so companies filling open positions are still filling them as if you need to relocate to Manhattan or San Francisco or wherever.
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Employers are figuring out that the fixed costs associated with maintaining an office can be eliminated and pushed to the employee by having them work from home. No rent, electricity, insurance, etc
 
hopemax

hopemax

Well-Known Member
Nubs70 said:
Employers are figuring out that the fixed costs associated with maintaining an office can be eliminated and pushed to the employee by having them work from home. No rent, electricity, insurance, etc
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This is my DH's company. As of Aug 1, they essentially have no office. Their lease was expiring at the end of the year, and they decided not to renew. The company taking over the space wanted early access, so they paid DH's company to leave early. They have rented a new space for 2021 but even then, the expectation is that very few people will have permanent desks, so it is much smaller. In the interim, they have a tiny space for basically the CFO and 1 or 2 others.
 
CaptainAmerica

CaptainAmerica

Well-Known Member
Nubs70 said:
Employers are figuring out that the fixed costs associated with maintaining an office can be eliminated and pushed to the employee by having them work from home. No rent, electricity, insurance, etc
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Right, but like I said, in practice they're only applying that to their existing workforce. They haven't pushed it out to their new recruiting policies.
 
Kingoglow

Kingoglow

Well-Known Member
Nubs70 said:
Employers are figuring out that the fixed costs associated with maintaining an office can be eliminated and pushed to the employee by having them work from home. No rent, electricity, insurance, etc
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Employers are also beginning to figure out that they do not need middle-management any longer. The work is getting done without direct oversight.
 
_caleb

_caleb

Well-Known Member
I’m definitely seeing an exodus from big cities to suburbs and smaller cities. I think small- to mid-size cities are going to be much more popular in the next several years as American workers work from home and shared workspaces.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Nubs70 said:
Employers are figuring out that the fixed costs associated with maintaining an office can be eliminated and pushed to the employee by having them work from home. No rent, electricity, insurance, etc
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This is absolutely the truth.

To expand: not only is it advantageous for business to close offices...it’s going to be advantageous for schools to try that as well. I mean colleges. The studies have shown Brick and mortar campuses will become insolvent completely by the next decade. Tuition will hit a ceiling and the bills can’t be paidz

Heck...the only reason college kids are going back right now is that they didn’t have enough time to charge tuition on remote without give backs.

In the future...we will “work” privately and have to have structure gatherings for social interaction.

Star Trek...basically
 
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M

mwf5555

Active Member
Sirwalterraleigh said:
It’s widely speculated 10/1 is “krystalnacht” for layoffs...

I mentioned this on other Threads. If you got any federal covid money and fuloughed employees...you have to keep them on staff till 9/30.

That is going to be far more widespread than anyone want to thinks about.
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Speculated by whom?
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
mwf5555 said:
Speculated by whom?
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Every financial analyst when it’s come up...they’ll make a comment and move on quickly (because it’s bad for business)...but I’ve seen it on Bloomberg, CNBC, etc since June. No illusions.

The public statements by airlines and other sector businesses has been very thinly veiled.
 
Disstevefan1

Disstevefan1

Well-Known Member
Sirwalterraleigh said:
This is where we fundamentally disagree. Having a limited number of locals, APs and “damn the torpedoes” regional travelers is not gonna make them money. It’s not a 1:1 scenario. They don’t make money off selling a Mickey plush...they make it Off selling 1,000. You have to first outrun the overhead costs.

That’s the model. That’s the framework. Can’t flip a switch now.

If you consider that...limiting cms and APs makes complete sense. They’d just be increasing their overhead to accommodate them and never get over the top.

This is gonna take awhile even if things go better than they have. And that’s assuming this ridiculous “v-shaped recovery” nonsense goes (it won’t)...

The canary in the coal mine to me is the recall of college program...things won’t be close to normal till that happens.
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As for the overhead, the gates are open and the parks are running so no matter how many guests are in there there is a baseline overhead for just swinging open the gates no matter how many guests show up,
we know, the lowest overhead would be to close the gates.

It’s almost a binary choice; close and have the lowest overhead but make no money, or open albeit limited and make some money. Disney made their choice.

As for the overhead as a factor of how many bodies are in the park, given the limited capacity allowed, I would think the overhead is about the same if you let X APs in or 2X APs in and 99 percent of the APs spend money in the parks.

Let folks who have paid admission to the parks, go to the parks. Don’t force them to buy a room for admission they already paid for. If they hit the limited capacity, no one gets in.
 
Tom P.

Tom P.

Well-Known Member
Sirwalterraleigh said:
This is absolutely the truth.

To expand: not only is it advantageous for business to close offices...it’s going to be advantageous for schools to try that as well. I mean colleges. The studies have shown Brick and mortar campuses will become insolvent completely by the next decade. Tuition will hit a ceiling and the bills can’t be paidz

Heck...the only reason college kids are going back right now is that they didn’t have enough time to charge tuition on remote without give backs.

In the future...we will “work” privately and have to have structure gatherings for social interaction.

Star Trek...basically
Click to expand...
I am the IT Director for a small, for-profit career college. Now, granted, we are very different from a major university. In fact, that's our niche. Offering something for people who either don't want the traditional college path or, quite frankly, can't cut it there.

Right now, we are offering 95% of our classes in a live virtual format. Classes still meet live, but do it via Google Meet or Zoom. I think we have adapted pretty well to the challenge, and I think most of our students have as well.

However, that is definitely not something we will continue long-term. If COVID-19 numbers get under control, if we get a vaccine and/or effective therapeutics, we will definitely be back in the classroom. Our demographic of student has a much harder time doing the virtual classes, even though they are still live and interactive, than traditional, in-person instruction.

All that is to say that while, yes, I think we're going to see a long-term move to more online educational delivery, there is still a place for brick-and-mortar schools that I don't think can be effectively replaced long-term with online options.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
xdan0920 said:
Thankfully, those states aren’t locking down. Weirdly their hospital data and case data are falling off a cliff, all the while their deaths have never even sniffed the northeast levels. I’ll let you decide what that means.
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Deaths are up...cases are about flat...

Which cherry picked “Ron Don Was right!!” Stat are we using this week?

You need a tee time, man...I’ll buy. How about baltusrol?
 

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