I don't recall anyone saying that. And I live-summarized the call.
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On layoffs, very bad attendance, and Iger's legacy being one of disgrace
- Thread starter pheneix
- Start date
I don't recall anyone saying that. And I live-summarized the call.
Slpy3270
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.
One thing they didn't even touch on was eventual layoffs on the conference call. Not one word.
Iger is in his early 70s and is worth more than $600M. Why would he take a job that pays less?
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!
OK, thanks for introducing a topic I wasn't responding to. Have a magical day.
Animaniac93-98
Well-Known Member
Iger is in his early 70s and is worth more than $600M. Why would he take a job that pays less?
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.
Animaniac93-98
Well-Known Member
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.
Slpy3270
Well-Known Member
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.
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
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.
Thanks for acknowledging their work. They are cast members too!
UNCgolf
Well-Known Member
He was quoting the OP, not actually claiming that himself.
Animaniac93-98
Well-Known Member
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.
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.
Animaniac93-98
Well-Known Member
Sorry, I didn't mean to do that.
I just wanted to contrast Disney's priorities in the short term and what that means for its employees and fans.
Brer Panther
Well-Known Member
Also the reason why they're making a sequel to the live action remake of The Lion King.
Brer Oswald
Well-Known Member
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.
Mac Tonight
Well-Known Member
Iger's legacy will be whatever the stock price is on his final day. That's all that ever mattered to him.
Slpy3270
Well-Known Member
That won't be in production for about year or so.
Brer Panther
Well-Known Member
Yeah, but they're still making it simply because the first one was a success.