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 ...
They can blame DeSantis all they want. The truth is that Disney is weak creatively and is producing woke, unmarketable garbage.
Crash and burn, just like you did to Star Wars. Maybe Elon could buy it.
Go woke go broke.
What you said!
Maybe they should start selling Bud Light?
Awwwww... Couldn’t have happened to a more deserving company.
Will they need to cut back on Gay Day staff, or are they going to follow the new woke down-sizing rule of eliminating straight white males first?
I’ll bet all the teenbopper, Mehican senoritas’ jobs are safe though.
Disney needs to go out of business. Completely. It is bad for America in general, and very bad for America’s children.
No, sorry. Thousands of wage slaves will be fired. The corporate suits at the top will get another fat bonus.
Blaming its market irrelevance on a meatball
All the Canadian summer resort jobs are locked down by now so I guess it is back to mom’s basement.
Disney’s failing financial performance isn’t due to Gov. DeSantis. He didn’t squander millions on movies Americans don’t want. He didn’t turn a sports channel into a woke propaganda outlet. He didn’t create anti family culture at the Disney park. He didn’t make movies an exercise in all things liberal agenda. None of it.
BOD should be accountable. Take appropriate actions for shareholders and employees. Hope a class action lawsuit is in the news soon.
Disney as it exists today could close their doors forever and I wouldn’t notice or care in the slightest.
Maybe Elon needs to buy dizknee?
Remember, boycotts don’t work.
Correction. Woke wage slaves.
Journalists are stupid, and they are lazy. “Amid” is heavily used quite a bit these days to link facts that really aren’t linked at all. There’s no connection between DeSantis’ actions and Disney’s woes. The rubes have continued to visit their Florida parks.
On a related topic, has anyone heard of any entrepreneurs planning on making toilet papers, perhaps an extremely violent cartoon, etc when the Steamboat Willie copyright expires on January 1? Oh how Disney reveres that character and I’d be an enthusiastic buyer of any product that drags that image through the mud
The Babylon Bee: Disney World Forced To Close After DeSantis Builds Elementary School Within 1,000 Feet
https://babylonbee.com/news/disneyworld-forced-to-close-after-desantis-builds-elementary-school-within-1000-feet
DeSantis should claim responsibility and offer free re-education for those affected. Teach Mickey how to code.
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