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Orlando Becoming East Coast Headquarters for Disney Parks, Experiences, and Products
- Thread starter The Visionary Soul
- Start date
Creative talent can also probably have a small budget on spending on business attire or even visit a dry cleaner.
Soccerbrad
Member
Like a bolt out of the blue
Am I the only one who caught the When You Wish Upon a Star reference here???Disney will save millions on payroll taxes. Everyone of the 2000 plus employees earn over $120,000. Even if they all earned jus $120,000. That is $240,000,000 in direct salary. How much lower is medical insurance in Florida vs California. The Unemployment taxes are lower in Florida. No matter how anyone looks at it, Disney should save at minimum $24,000,000 a year on taxes and benefits. As for the Cast members and their families, besides saving thousands in state taxes will now have free access to all 4 WDW themeparks and 2 water parks. This is a win win for the company and Cast members but the best part is they will ensure our themeparks are expanded and maintained. So those of us who love WDW will also be big winners.
zakattack99
Well-Known Member
- In the Parks
- No
Do you know if they are still in the "Bowling Alley Building" I know that this was recently refurbished. If my understanding is correct the space was gutted pre COVID and the project halted during COVID. Project restarted somepoint earlier this year, I would imagine it is complete now. I thought the refresh was for Imagineering but now I am wondering if it has been for a new part of the company to move in.
Mouse Trap
Well-Known Member
You know the salaries of all 2000 people being relocated?
el_super
Well-Known Member
It could also be that they wanted to elevate/promote the talent they had in Florida, and the idea of asking those teams to move to CA was more daunting. So it could be that all parks will be run more like WDW than vice versa.
I don't, and to be perfectly honest I am hearing a lot of this third hand from teams that are still working from home. So ... It be weird.
donsullivan
Premium Member
Many of you are blindly assuming that everyone in these roles currently will move to Orlando which is an invalid assumption. I’ve dealt with many corporate relocations with companies like Apple and others in my career when thousands of jobs are moved and on average, only about 30% of current staff decide to move, and about 15% of those move back to their original location within a year. People have countless conflicts that will prevent many from actually moving from spouses employment to family commitments and more. The balance of those roles will be recruited in the Orlando market at Orlando wages.
Corporations also use these events as an opportunity to restructure the business to improve efficiency and remove redundancy which means not all current employees will be offered the opportunity to move.
Corporations also use these events as an opportunity to restructure the business to improve efficiency and remove redundancy which means not all current employees will be offered the opportunity to move.
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Serverfarm
Member
Bingo. And on the next pandemic they can just let those folks go, have no penalties nor regrets. And rehire as needed (unions lost out in FL compared to CA). Recall no one could find a job a year ago in Orlando, so most moved out. And everyone else relied on the crippled FL EDD system and federal hand outs. While CA folks had job options or were living off EDD and not wanting to go back to work. No other jobs other than entertainment/tourism in Orlando: risky for the employee, not so for corporate. As for planning since 2019? That's just spin: there's always been a tug of war between WDI FL and WDW CA for decades. Granted this is on purpose to trigger natural attrition as well. Sucks that Lake Nona is farer than the airport to the resort itself. That's really cheap land there.
In comparison, I had a hi-tech job offer in Melbourne long time ago when I was in VA. Salary offered was 18% less justification by cost of living only. Didn't take it.
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trainplane3
Well-Known Member
Does this mean I have to stop saying "Designed for California, built in Florida"? Maybe they'll make things with shade and rain cover now.
TYOTimer
Well-Known Member
I think that’s very likely in the next generation of attractions
britain
Well-Known Member
As more of a Disneylander, I gotta admit this makes me a little sad. WDW was always the bigger more spectacular resort, but DL would generally be compensated with the very best new attraction ideas & tech. I suspect that will happen less, especially after the recent CA political strife.
JustInTime
Well-Known Member
I wonder if the long term plan is to free up space for future Disneyland expansions? Makes you wonder.
TrainsOfDisney
Well-Known Member
The way things are going... the less they mess with Disneyland the better. I’m hoping they go through with that expansion so all the new ideas can go there.
the.dreamfinder
Well-Known Member
They own Grand Central Creative Campus outright. They’re so restricted in what they can build on the lot, it makes sense to make it an extension of the businesses based on the lot.
Yup. It’s the golden age of remote work and TWDC is asking employees to move from LA to Orlando. I would expect most people to just quit their job at Disney while remaining in the LA area, rather than relocate.
Vegas Disney Fan
Well-Known Member
Especially with the extreme difference in cost of living, 63% according to the online calculator I used.
A $100k salary in Orlando provides an upper middle class lifestyle and the ability to raise a family and buy a nice family home with a yard, $100k in LA is borderline poverty with no chance of buying even a modest home without multiple incomes (whether family or roommates).
In two more similar cities it may not be as big a factor but the equivalent of a massive raise will sway a lot of employees.
My brother works for AAA and they moved his department (several hundred claims adjusters) from San Francisco to Las Vegas over a decade ago, they offered to cover 100% of their moving expenses but the transfer came with a 20% pay cut, he crunched all the numbers and came to the conclusion that even with the lower salary it would still be close to a 50% pay raise due to the difference in cost of living, about 2/3 of his department took the offer. He’s still with the company and has been in his own home for nearly a decade, something he’d never have been able to afford in San Francisco.
The financial pros of living in Orlando over LA will be hard to ignore.
Since you are "sure it is politically motivated," why dont you provide that proof. Im curious to know the politics behind it.
From your quoted article, "Researchers from a consortium of universities – including the Berkeley, UCLA, Cornell and Stanford..." Certainly "researchers" from these moderate institutions produced an unbiased report.
Higher salaries means high taxes. Remember, the employer pays 6.2% SS and 1.45% Medicare tax.
Assuming a salary of $142K, (above this amount SS is phased out) that is an additional $8,800 burden on the employer per employee. Multiply that by 2,000 employees and its $17,600,000 a year. That amount goes up every year. Add to that the 1.45% medicare tax (which does not phase out but I will assume the $142K amount) that is $2,000 per employee times 2,000 employees equals $4,000,000. (I am not even assuming the 0.09% additional burden on employees making over $200K/year.)
Thus, a fair estimate for the EMPLOYER federal tax burden is $21 million dollars a year. And that goes up every year.
This doesn't even include the California mandated employer taxes.