Somebody in another thread said more than 25,000, but that can't be right. Can it?
Also, where is this info that everybody who is still furloughed is getting laid off coming from? Was there some announcement I missed?
Not that I don't think Disney is capable of just throwing all of us out on our behinds, but I just try to avoid stressing and worrying unless there is a true reason for it.
The longer employees are furloughed, the less likely it is that they will be brought back. This new normal whatever it is, won’t affect the upper level executives. It will hurt everyone else. That’s a sad truth. Leaving employees in limbo is cruel. The company should communicate. There is so much secrecy and zero transparency in this company. You never know what’s going to happen. Disney has been known to round up groups at a time and drop the news on them that they’re losing their jobs. Most employees don’t see it coming and if they do, they think it’s happening to someone else and not them. Everyone is replaceable and it’s a mistake to believe you are the exception.
Are Hourly office and technical part of the executives and managers 55 and over offered early retirement severance packages?
In the next several weeks, the most likely scenario for Walt Disney World and Disneyland (CA): all Cast Members 55 years and older will be asked to take an early retirement package. These Cast Members are, in many cases, long-tenured and are making the most money. The more employees in this category that the company can shed, the more money they save. In locations where business has not returned (and probably will not for the rest of 2020 and even early-mid 2021), all those Cast Members will be laid-off. Even as the parks now reduce their operating hours, because they do not have the demand, some Cast Members who are now working will lose their jobs. It's a horrible situation but I can assure you, all decision-making from here forward will be about how the company can save money by massively reducing their payroll. That means tens of thousands of employees.
How are layoffs handled at Disney? Please answer for the lowly cast members, not just the executives and managers getting early-retirement or a severance.
Also, thank you to "A Disney Leader" for your input here, and to "Anonymous" for acknowledging the poorest employees will be most impacted. I'm one of the low-paid cast members in Orlando, and it's clear that there are few jobs to apply for in Central Florida and that our unemployment assistance situation is grave with our governor not accepting the $400 ($300/$100 option). I hope the powers-that-be at Disney realize that thousands of cast members are already expecting to be facing not being able to pay rent, utilities and have little to no food for family (basic needs), and I pray the media will step-up to better represent us, and other employers/employees facing the same situation.
In the next several weeks, most likely widespread layoffs and early retirements at Walt Disney World and Disneyland are coming. This will involve tens of thousands of people. The company's fiscal year ends on September 30 and they will not want to carry furloughed employees (getting paid insurance coverage) into the new fiscal year. In this way, they can take the financial write-offs associated with all these separations before the new fiscal year starts. This is the best business solution awaiting them and will impact the stock price the least moving forward.
Studio has been bringing people back for a couple of weeks.
I’m still furloughed out of DPEP at Glendale. No one has called me. It doesn’t look good, but I hope they call me back to work.
I don’t have anywhere else to go and no one is hiring. I might have to sleep on a friends couch soon since my savings is dwindling. Rent is expensive but being homeless is devastating.
Life is hard but I think it’s about to get even harder. Right when I think I hit rock bottom, it just keeps getting deeper
I'm still on furlough from Disney as an hourly staffer, lowest person on the totem pole. Everyone else on the team (all salaried), except our PIs, have been called-back slowly but surely, about one person every three weeks. Any thoughts on the odds of me being permanently laid off?
I am so hoping my position is retained, it took me three years to obtain a job in my field, and I absolutely love it and enjoy my team. Also, how are layoffs handled at Disney?
Some people on furlough have been told to look for other jobs. Now that can be taken as "you aren't coming back anytime soon" or "layoffs are coming and our jobs are on the cutting block." These are of course backstage areas with people who have no direct reports.
10s of thousands are not back at WDW, if you haven't been called back its partly due to the lowered attendance but some is due to bloat which will be cut when time comes. If it does come...many over 55 i know have stated they would take severance packages but only if offered.
Oh it's coming. No doubt. Look at the announcement shortening park hours. The groundwork is being laid.
There likely are 25000 or so still furloughed at DLR and probably that many at WDW, as well as some at other campuses like Glendale. So probably 50,000+ still furloughed. I haven’t seen any evidence of layoffs so far.
The reality is that at the end of the day, Disney doesn't magically pay you, the customers pay you, and management from the CEO on down are also also employees getting their cut as middlemen, while more than half of shareholders are retirement and index funds with Disney stock in pension funds and IRAs.
I have no issues with the company getting "kicked in the bulls," but it's the poorest employees who are going to pay for that. I can't get happy about that.
I guess the real world, USA economics is coming to Fantasy Land. Kind of hard to feel sorry for a company that raises it admission prices 2 to 3 times a year. Time Mickey got kicked in the bulls.