Cost cutting reductions, including layoffs, are expected to hit Disney in the coming weeks and months. CEO Bob Iger has asked top execs to reorganize the former Disney Media Entertainment Distribution division. Evercore ISI suggested Disney... — read more
I don't know about anybody else, though.
Have layoffs started? There were rumors about today but so far I've heard nothing on that front. If it's not happening today, does anybody know when can we expect it to start? I've tried to talk to my manager about this, but he is being very... — read more
Bad politics and team overall
Basically what it says on the tin. Disney can hide behind a mask of wholesomeness all they want but it doesn't change the fact that what's behind it is rotten to the core. I haven't been appreciated nor respected as a person here and I don't think... — read more
After he did successfully at GE. There would be probable change of CEO at Disney. https://www.ft.com/content/8d3f9481-49f3-4b98-ae06-71f3e3d38b84
The initial exuberance and relief following BI's return as Disney CEO has been replaced by anxiety as speculation about a pending corporate restructuring is intensifying — and with it, rumors about the layoffs that are likely to... — read more
So Iger is going to require 4 days a week in the office?
... — read more
The question is what will happen when the contract expires. Disney and the union are currently operating under an extension to the original contract, which expired in October. Neither side has said how long the extension lasts, but for workers to... — read more
Can we expect to see fewer layoffs under Iger or will he turn to reducing the workforce in an attempt to turn things around (even though I don't think things need turning around, we just have a bunch of shareholders with unrealistic expectations... — read more
Bob Iger returned to Disney as CEO in November, ending Bob Chapek's rocky tenure. The change comes as Disney contends with mounting financial challenges and likely layoffs in 2023. Here's everything you need to know about what led to... — read more
“We think Bob Iger is returning to Disney to make big changes,” they wrote in a commentary. “Spinning ESPN and [TV broadcast network] ABC is the best path forward. We see it as a reasonably probable late-2023... — read more
What's your prediction as it relates to the possiblity of Disney layoffs? Any chatter, news or rumors?
I haven't heard Apple specifically but I have heard rumblings about an executive exit plan over the next two years. Stay tuned. https://www.thewrap.com/bob-iger-sell-disney-apple-power-move/
https://finance.yahoo.com/news/bob-iger-returns-as-disney-ceo-in-shocking-shakeup-041244009.html IMO: I like it. Good decision Disney... thumbs up!
Streaming services operate at a loss, parks are an absolute mess.. Maybe our leadership should finally ask themselves if the business strategy is good and what vision they have for the future of the company, instead of solving all their... — read more
I've been hearing from the internal rumor mill (corporate) that it's less about layoffs and more about the hiring freeze. I've seen some clickbait buzzwords out there like MASSIVE or HUGE, but if the rumors hold true we're not talking "massive"... — read more
Chapek is following the MGM model, where Disney will ultimately phase out the media side of the business as more and more IP becomes public domain with more focus being put on vacations, travel, and gambling. Much of this has to do with pressure... — read more
Julie Merges SVP of HR told her entire department that cuts were coming to their team on a call today with everyone.
Disney has been desperate to hire recently, even going as far as advertising openings on a giant LED screen outside of their casting offices but could that be about to change? During the fourth quarter earnings call today. Disney’s Chief Financial... — read more
The earnings estimates look good and are more than 50 percent above the same period last year. This is in big part thanks to Disney+, which is growing once again thanks to the company finally deciding to expand its offering to more countries. All in... — read more
Disney is one of the top twelve employers that laid off thousands of employees during the pandemic. Not only that, hourly employees were hit disproportionally more than salaried workers. Basically, those on the bottom of the chain paid the highest... — read more
chapek was a theme park guy, not a content guy. the media side of disney is over and after the way this company has p*ssed pretty much EVERYONE off for the last 5 years, there's no saving it. so the plan now is gambling, high end park experiences... — read more
For those of us market watchers, this is no surprise. ESG is ki----g every industry it infects and DEI initiatives over merit have smaller competitors eating our lunch. make no mistake, bob paycheck is collecting personal bonuses from european... — read more
So far things are looking good but you never know. It's not that I'm too invested in Disney doing well, the company doesn't pay me enough to care, BUT we all know that if the results are not good, layoffs will follow. And that's the part that I sadly... — read more
FBI affidavit says Disney and company executive were part of a ‘cabal’ that tried to influence local politics https://www.wsj.com/articles/corruption-probe-in-anaheim-calif-grows-drawing-in-disney-11653513675