I'm not trying to sound unfeeling, I don't wish layoffs on anybody, but if it has to be someone, then employees in China should lose their jobs rather than those of us in America. We'll take the brunt of it anyhow, so any kind of reprieve from the... — read more
Multiple high-ranking employees affected
I’m courious if things here will GET any better now that these several high-ranking employees have been cut during the first round ==> https://ktla.com/news/local-news/disney-lays-off-multiple-high-ranking-employees-during-first-wave-of-job-cuts/amp/ — read more
Beijing office canned
The whole Disney Beijing office was canned overnight - 100? streaming engineers, including the division that ran D+ ads.
Disney dismissed its whole metaverse division
The around 50-person next-generation storytelling and consumer experiences division was created under former CEO Bob Chapek, who once described the metaverse as “the next great storytelling frontier,” according to the Journal. All of the team’s... — read more
Disney Plus
There was talk that many of the laid-off employees will be from streaming, but I'm yet to hear of any major losses at Disney Plus. Are they leaving those employees for last or have the potential numbers been overblown? I'm a cast member and I was... — read more
Is TWDC a FTX creditor?
Yes or no?
Union Time!
We need to form a union!
Buckle up!
Disney will begin informing employees this week that they're being laid off. This will be the first of three rounds of cuts that will amount to 7,000 job losses. Disney is cutting costs after its valuation plummeted last... — read more
Disney Layoff Rounds Likely Starting Before Annual Meeting; Details On Cuts Emerge
https://deadline.com/2023/03/disney-layoffs-coming-annual-shareholder-meeting-bob-iger-1235303513/
Upcoming Layoffs
It is important to note that Disney 2023+ is first and foremost DEI-based with regards to Human Resources. It is the new core, the new foundation of this department, and the whole company. DEI is the umbrella that everything else falls under. Ms... — read more
Finally!
We'll know who's getting laid off by April. At least I hope I understood that correctly. There is no reason to tell employees there'll be layoffs and then leave them guessing and stressing for months after that. I am not looking forward to layoffs... — read more
What’s the future of Hulu?
Selling off Hulu, ESPN or both would slim Disney down, placing a sharper focus on its family-friendly superbrands such as Marvel and Star Wars. ————————— Source: https://www.ft.com/content/962ded50-5ffa-4e02-8eaf-1d77e44b4d31
Disney Announces New HR Chief as Company Prepares For Massive Layoffs
The Walt Disney Company has announced a new Human Resources Director as the company prepares to lay off as many as 7,000 Cast Members and cut up to $5.5 billion in... — read more
Have layoffs started?
I know contractors and PH were cut. What other sectors or business segments are going to be impacted and when?
DEI is DOA
This is a major problem for Disney because Iger's state approach is to mitigate risk and leverage existing IP by race- or gender-swapping existing characters. Peter Pan and Wendy is likely to be another bo-b, so there is going to have to be a... — read more
It's been a rough year for the Mouse
Woke Disney’s year of enduring box office bo--s, subscriber losses and layoffs It's been a rough year for the Mouse https://www.foxnews.com/media/woke-disneys-year-enduring-box-office-bo--s-subscriber-losses-layoffs
Can anybody share what areas were hit so far?
From what I understand, this round of layoffs is phased. It would be nice to know what was hit so far to have some idea of where we are currently in the bigger picture. I wish there was more transparency about the process but that's too much to... — read more
layoffs = dreams come true for investors
The company recently announced that it was laying off 7,000 workers to cut operating costs, pulling the rug out from under thousands of employees who had dedicated themselves to their work at Disney. The layoffs were praised by the business... — read more
Why is no one speaking about the layoffs going on?
People have already been let go, and some are being told their last day is coming up. Why is social media so quiet about it? Why are those let go not speaking up about it? Are they being told not to say anything to avoid negative publicity?
Sending resumes?
I hope you are preparing on time. The best advice is to always hope for the best, but expect the worst.
Instability of recent years
The last few years have been really tough here with lots of rounds of layoffs. I'm a bit pessimistic in this regard but I'm interested in what you think - - how long will it take before the situation stabilizes and we have somewhat safe jobs we... — read more
Anaheim travel company closing?!
Overheard mgmt discussing plans to move Anaheim travel co operations to Orlando to make room for new cast place! Green building backstage parks rumored to be shut down for park use!
Cost saving tip Disney
Don’t place a multimillion dollar ad in the Super Bowl! Everyone on earth knows who you are.
Parks are still seriously understaffed
I don't see how any of the parks could be affected by these layoffs. We are severely understaffed as it is and I know this is not just an issue for my location. We're yet to recover from the pandemic-related cuts. So many people didn't want to return... — read more
ABC Spinoff
They debunked ESPN being spun off (because of its gambling potential for sure), but what will happen to ABC?
Monopoly
This is the blueprint of every corporate giant to crush the competition. Merger and Acquisitions (Buy off competitors) Layoff in the name of cutting the redundancies Empower their boot licking executives Enslave the acquired employees Redirect... — read more
7000
https://www.theverge.com/2023/2/8/23590901/disney-layoffs-earnings-streaming-bob-iger
Inside Disney, 'nervous and anxious' execs brace for news of cost cuts and layoffs that could number in the thousands
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