For the initiated, here is some info that seems to be lacking on these boards. For the purposes of my explanation let me offer an admittedly oversimplified classification of Cast Members.
1. Executives – Their titles are Director, Vice President, Senior VP, Executive VP, Etc. These people make $100,000+ per year.
2. Middle Management – Their titles are Manager, Guest Service Manager, Operations Manager, Etc. They make between $30,000 and $100,000 per year and are mostly former hourly CMs that worked their way up.
3. Hourly Cast Member- You know who these guys and gals are.
Only executives were offered the buyout package, which they had to accept by Feb. 6th. A small number of them took the package. After Feb 6th, a few were laid off but not many. Phil Holms keeps his job. Most of the decision-makers stay right where they are.
What we are seeing now are lay-offs of middle-level managers. Many people inside the Company were told that middle-level operations managers (managers that work in the parks, not in office buildings) were all safe. Most of these people were CMs just a few years ago, and they busted their butts to get where they are. NONE of them were offered the Voluntary Severance Package. The vast majority of them are very good, very hard-working people who have worked for Disney their whole lives and have no idea what is going to happen to them next.
Most of the hourly Cast Members are very sorry to see them go. And many of the hourly CMs are now asking, “Why work hard for this company? Even if you get promoted to manager the Company doesn’t care about you.” To say morale is low, is quite an understatement.