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

Slpy3270

Well-Known Member
But I thought they said everything was fine during the last earnings call, Disney was doing so great, everything would be fine by Christmas and fake insiders were just spreading doom and gloom?

[sarcasm]

They technically are. They only did this bull because they want to get back to pre-pandemic levels quicker. Reopening Disneyland wouldn't have made a difference!

Besides, they have tens of billions in cash on hand still. They'll be fine for a long time. The workers, on the other hand.
 

Lilofan

Well-Known Member
This is the kind of thing that should kill his political prospects.

Just point to this and the $ he collected this year and nobody will have sympathy or respect for him, especially if he runs as D.
Iger is in his early 70s and is worth more than $600M. Why would he take a job that pays less? 😃
 

MisterPenguin

President of Animal Kingdom
Premium Member
I guess the OP finally got something right... yikes.
Well, yes, if "about to" means "two months from now."

And if firing of "bloat" and "mediocrity that failed upward" means laying off mostly part-timers, then yeah, got it right!

And if predicting what everyone saw coming for months... yeah, super right!
 

Animaniac93-98

Well-Known Member
They technically are. They only did this bull**** because they want to get back to pre-pandemic levels quicker. Reopening Disneyland wouldn't have made a difference!

Besides, they have tens of billions in cash on hand still. They'll be fine for a long time. The workers, on the other hand.

Well thank God Disney still has money to make movies like live-action Lion King 2, even if they "can't afford" to pay their employees. :rolleyes:
 

Slpy3270

Well-Known Member
Well, yes, if "about to" means "two months from now."

And if firing of "bloat" and "mediocrity that failed upward" means laying off mostly part-timers, then yeah, got it right!

And if predicting what everyone saw coming for months... yeah, super right!

Part-timers aren't "bloat" or "mediocrity". They're the people who operate the damn rides and wear the costumes.

Well thank God Disney still has money to make movies like live-action Lion King 2, even if they "can't afford" to pay their employees. :rolleyes:

You're implying that I think Disney had to do this. They didn't! This is all about maintaining profit margins and nothing more. They were still on track for making a decent profit this year and they still laid people off because they wanted more of that profit. It's the same reason WWE let all those wrestlers go back in April; they didn't care if they were still going to make a huge profit, they wanted to stick to the pre-pandemic projections at all costs.
 

TrainsOfDisney

Well-Known Member
The same reason other wealthy people have tried in the past.

Prestige, power, influence, bragging rights. I don't pretend to understand the psychology of crazy rich people.
Iger has a weird desire to put himself on a pedestal with Walt Disney, Steve Jobs, etc.

His “vision” is rehashing already popular franchises and adding a tree to Carsland. Oh yeah and Mickey Street.
 

Animaniac93-98

Well-Known Member
Iger has a weird desire to put himself on a pedestal with Walt Disney, Steve Jobs, etc.

His “vision” is rehashing already popular franchises and adding a tree to Carsland. Oh yeah and Mickey Street.

Hoping Iger's legacy will be that of the guy who ran up company debt while adding to his personal finances and bailed the minute market forecasts looked cloudy.
 

MisterPenguin

President of Animal Kingdom
Premium Member
Part-timers aren't "bloat" or "mediocrity". They're the people who operate the damn rides and wear the costumes.

I concur. But the OP was pointing out how the massive lay-offs to come were aimed at bloat. But 67% of the lay-offs were aimed at part-timers.

Either the OP thinks part-timers are bloat, or, they got their prophecy wrong.
 

Brer Oswald

Well-Known Member
Well, yes, if "about to" means "two months from now."

And if firing of "bloat" and "mediocrity that failed upward" means laying off mostly part-timers, then yeah, got it right!

And if predicting what everyone saw coming for months... yeah, super right!
Penguin, I like you, but you can’t backpedal on this. You were questioning the OP and going “where are the mass layoffs?” just a few days ago. Now you’re claiming it was “obvious”? That’s revisionist history.
 

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