Posted on 04/19/2023 10:20:46 AM PDT by Morgana
The Walt Disney Company is going to cut thousands of staff next week - including 15 percent of its entertainment division.
Disney has around 220,000 employees globally, around 170,000 of which are in the US.
The layoffs will affect all major divisions of the roughly $185 billion company, which was recently split into: entertainment, ESPN and parks and resorts.
Disney parks employs the majority of workers in the US - around 100,000 people in 2020, according to the latest publicly available figures - but it's unclear exactly how many staffers are being cut from each division.
These plans were first reported by Bloomberg, but align with an announcement in February in which the company said it would ax 7,000 positions to cut annual costs by $5.5 billion.
The company is currently embroiled in a bitter war with Florida governor Ron DeSantis who is trying to dissolve a private government controlled by Walt Disney World that provides municipal-like services for its 27,000 acres of land in Florida.
Some employees are expected to be notified of the cuts as soon as April 24, according to Bloomberg, which spoke with company insiders.
They will have considerable impact on Disney Entertainment, which houses the company's streaming and film and TV operations.
ESPN, which came under Disney's ownership in 1995, is one of the smallest divisions in the company with only around 5,000 employees worldwide as of 2023, according to its own website.
Disney has been adapting to new leadership since former CEO Bob Iger returned in November after retiring from the same position in 2020.
(Excerpt) Read more at dailymail.co.uk ...
It’s hard to believe Walt Disney would offer any support for the cesspool that his company has become.
I’m sure many of them will be able to continue their grooming careers by dancing in drag shows.
But, but look at our ESG rating 🤣🤣🤣🤣
News Flash! Disney has to lay off people because they don’t know how to make entertaining movies or TV shows. They are top heavy with “creators” who work as committees and committees generally will always agree on mundane and vanilla content to avoid offending anyone for either not being included or for being included in a negative way. The spin about the feud with DeSantis is intended to weaken him politically by getting him blamed for the lost jobs. The jobs are going away because Disney sucks not because Florida is enforcing the public good.
The truly delusional thing is that Disney knows full well that no one wants their woke infested trash but they continue to insist in producing it.
The problem is that, for the moment at least, Disney has a number of other revenue streams that can keep them afloat, but they are definitely taking on water.
Nothing angers me more than public immorality (I get to define what that is). Disney is producing public immorality and for that it needs to be severely punished.
hetero purge
Looks to me like Disney now exists to launder money for Deep State.
Q: How many employees do you need to do that?
A: A flock of a lot fewer than you need to make a profit.
MuskyLand ?
At elementary schools.
Facebook has or in the process of firing 21,000 people since Nov 2022. 4,000 just today.
New Twitter fired 80% of 7,500 people and counting as Elon Musk has said (paraphrasing) you do not need as many if they are just censoring people.
they already do...
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some details here.
https://deadline.com/2023/04/disney-layoffs-coming-tv-film-departments-1235329916/
Bracing For The Bloodbath: Disney Layoffs To Resume Monday
By Lynette Rice, Dade Hayes, Nellie Andreeva
April 19, 2023 12:28pm PDT
It was originally described as the “big one,” or even more pointedly, a straight-up “bloodbath.”
Either way, the lion’s share of layoffs at Disney are expected to begin Monday. From April 24-27, there will be Mouse House employees in film and TV losing their jobs every single day (except Friday), we hear. A rep for Disney declined comment.
To say that anxiety is high is an understatement. Just about everyone who works on Buena Vista Street in Burbank is on high alert, wondering whether their number is up.
“There is a sense of foreboding that the cuts are going to be wide, large-scale and very meaningful,” an industry source said, noting how low company morale is right now amid persistent rumors that at least one person from each department would have to go.
The sweeping layoffs are among the first major moves for Bob Iger since his surprise return as Disney CEO in late November.
“It sucks, to be honest,” a longtime film exec at the company said. “Iger coming back got everyone’s hopes up for investment in people as well as creativity. Truth is if you’re not operating a ride at the parks, you could be on the chopping block. Maybe the worst part is still not knowing who is being let go, no matter how much time you put in.”
One employee even begged a Deadline reporter to find out if their job was safe.
“Pray 4 me,” another texted.
Iger confirmed in March that three rounds of layoffs would occur as the company looks to reduce its workforce by about 7,000 employees in an effort to to reach $5.5 billion in overall cost savings. The initial round came a few days before the company’s annual shareholder meeting April 3 and involved a consolidation of production operations across Disney TV Studios, Hulu, Freeform and FX and the shutdown of the studio operations’ Creative Acquisitions department. (A small business unit that was focused on exploring the metaverse was also axed.)
The second, much bigger wave of layoffs next week will get Disney close to the 7,000 goal, we hear. Virtually every Disney Entertainment entity — TV networks and studios and film studios — is expected to be affected in a significant way. According to sources, the various division heads were given cost targets. They translate to different percentages of the workforce for each unit, which could amount to 5%, to 10%, 15% and even more in some cases, we hear.
Network programming and studio marketing are believed to be among the areas that will take a hit this time, and there will be a new round of cuts at ABC News (which already underwent layoffs last month), sources said. The remnants of the dismantled Disney Media and Entertainment Distribution are an obvious target, too.
I wonder if anyone in Disney has the sense and/or the balls to realize that they are literally destroying themselves, or at least destroying the chance to make a lot more profit if they abandoned the woke BS they have embraced.
It seems like there is a concerted effort, and there probably is, to alienate a large portion of the USA. Not to mention other countries around the world.
I don’t think enough bad stuff can happen to Disney or Bud Kite beer.
Someone here said the parks are full, but the media divisions are suffering. No one wants blackwashing of characters in movies and TV shows.
Superfluous Blacks and queers and dykes in all productions are the problem.
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