Headcount Reduction on The Executive Level (September 2019)

It seems that several high-level top managers at Walt Disney World were fired at the end of last week.

According to several sources, the parks and resorts are undergoing restructuring whereby some managers and other high-level managers have lost their jobs.

We have been told that the majority of executives who have lost their jobs are considered a financial prelude who may not retire as quickly as Disney would have liked.

Sources indicated that this was not a massive resignation of all the positions that were seen in 2009, but rather a way for Disney to force retirement to executives who prevented managers from moving down, or those whose salaries became so high it created some burden for the company.

It seems that frontline and non-salaried Cast Members are not part of the recent dismissal round.

The layoffs affect multiple resorts around real estate and can even spread to the parks.

The redundancies come two weeks before the end of the Disney fiscal year, which ends on September 30.

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No confirmation but I heard they will start laying off at the GEM level this week...it would make better sense to offer packages to those close to retirement. I'm sure many would take it if its lucrative enough.
I guess they have to pay Bob Iger his $65 million salary and bonus while Chapek turns WDW into an overpriced store. Where's the original ideas and original rides under this new leadership? No non-IP original idea since Expedition Everest and that was green lit under Eisner. They raise the pay for hourly cast by 25-40% while they give the leaders 0-3% yearly pay raises. By hours the average manager is making less than the cast member they manage since they work 50+ hours weekly yet get paid for 40....

Relax y'all. Layoffs, restructurings etc are part and parcel of not just Disney but most if not all large multinational corporations. As a former Disney Cast Member of 25 years, we learn early on, especially in the parks and resorts division, that we are a cyclical business. We learn quickly about business ebbs and flows constantly based on many variables. So then we learn to not take our Disney roles for granted but instead stay on top of our game, continuously improving our talent and skills in hope that we provide value added performance outcomes. While at Disney, we would likely see a medium to more extensive layoff every seven years or so. Yes it is an unpleasant time to be in a place where this is happening....so to the Disney Cast...this too shall pass....you'll carry your magical talents forward.

Reorg and layoffs is just standard operating procedure for every manager here - this is what the manual says:

Innovate — blame the engineers
Reorg — the managers did it
Outsource? — my workers are lazy and I’m planning my exit

OMG

My hubby works is in a tourism-related business in another part of Florida.

He told me their business is still relatively healthy, but if Disney is seeing anything like the timidity in bookings and spending that the mouse must really be hurting and the trend is not looking up.

I certainly hope he’s wrong.

Layoff employees.., jack up prices on food, drinks, and dessert parties... and bam! SWGE boosted profits!

Thread regarding Disney layoffs

Headcount Reduction on The Executive Level (September 2019)

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