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
Recruiters are being notified today
I don't know about anybody else, though.
Disney layoffs
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
Worst team & mgmt
Bad politics and team overall
Unappreciated, disrespected, mistreated.
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
Peltz is gonna sc--w up Disney real bad!
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
It's a ______world after all...
The initial exuberance and relief following BI's return as Disney CEO has been replaced by anxiety as speculation about a pending corporate restructuring is intensifying — and with it, rumors about the layoffs that are likely to...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
Back to the office 4 days a week
So Iger is going to require 4 days a week in the office?
DeSantis packs Palm Beach County Commission and Disney's Reedy Creek Improvement District.
... — read more
Disney World Facing Huge Problem That Could Ruin Your Trip
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
Fewer layoffs under Iger
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
Inside the Disney drama as CEO Bob Iger returns, replacing protege Bob Chapek
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
Wells Fargo: Disney Will Likely Spin off ESPN in 2023
“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
Disney Layoffs 2023
What's your prediction as it relates to the possiblity of Disney layoffs? Any chatter, news or rumors?
Bob Iger “Alarmed” By Disney World Price Increases & Disliked Layoff Plans
https://www.disneytouristblog.com/bob-iger-alarmed-by-disney-world-price-increases-disliked-layoff-plans/
Iger to Sell Disney to Apple??
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/
WOW: Yahoo Finance Bob Iger returns as Disney CEO in shocking shakeup. IMO: I like it. Good decision Disney... thumbs up!
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!
What is wrong with this company?
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
Hoping the Rumors Are True
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
Layoffs Loom at Disney as Company Looks to Cut Costs
https://www.pymnts.com/streaming/2022/layoffs-loom-at-disney-as-company-looks-to-cut-costs/
Media Hiring Freeze is Likely Permanent
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
Disney is planning to freeze hiring and cut some jobs
https://www.cnn.com/2022/11/12/business/disney-hiring-freeze-job-cuts/index.html?utm_source=twCNN&utm_medium=social&utm_term=link&utm_content=2022-11-12T22%3A41%3A44
HR told today to expect cuts
Julie Merges SVP of HR told her entire department that cuts were coming to their team on a call today with everyone.
Are Layoffs Coming to Disney Parks? It Certainly Seems That Way
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
Things are looking up
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
I'm not surprised
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
In Case You Haven't Noticed...
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
https://c.tenor.com/geJwvvaKcE0AAAAC/mickey-mouse.gif
https://c.tenor.com/geJwvvaKcE0AAAAC/mickey-mouse.gif
Disney’s BoardWalk Resort Store Permanently Closing Next Week
https://insidethemagic.net/2022/09/disney-world-resort-store-closing-ld1/
Prominent Investor Demands Dropping ESG, Iger Issues Warning
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
Another quarter, another earnings reports
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
UPDATE 1-Disney says it will offer travel benefits for employees seeking reproductive care
https://finance.yahoo.com/news/1-disney-says-offer-travel-155452177.html
2,000 Job Move Delayed
https://www.benzinga.com/general/entertainment/22/06/27734496/disney-vs-destantis-feud-intensifies-media-giant-reportedly-delays-shifting-jobs-to-florida
Corruption Probe in Anaheim, Calif., Grows, Drawing in Disney FBI affidavit says Disney
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