Many have wondered about the future of Disney since several major changes have taken place in the last few months.
One of those changes is the upcoming hiring freeze that former CEO Bob Chapek announced in early November. We found out later that month that Bob Iger planned to continue with the freeze, but we hadn’t heard anything since. Now, Iger has commented on the upcoming freeze and what it means for the company and its employees.
Back in early November, Chapek had said the company would be “limiting headcount additions through a targeted hiring freeze. Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold.” He had also mentioned that they also anticipated staff reductions.
In the most recent earnings call for the first quarter of fiscal year 2023, Iger announced that the Walt Disney Company would now be “reducing expenses to improve margins and returns” in order to better position the company should any global economic challenges arise.
Iger announced that the Walt Disney Company will be reducing its workforce by 7,000 jobs. Iger said he “does not make this decision lightly” and is “mindful of the personal impact of these changes.”
We’ll continue to watch for more updates on these job cuts, so stay tuned to DFB for all the latest news. Click the link below for a FULL report on Disney’s quarter one earnings report.
Learn more about the announcements from the first-quarter 2023 Earnings Report.
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What are your thoughts on these changes? Let us know in the comments!
Wow it’s this one of the reasons Chapek got canned! You guys mismanage the place so profits are down and who suffers the everyday workers who can least afford it. Or is this just a ploy in your fight over the union contracts. How about all top management cut their salaries in half and use that money to save some jobs. You, Christine, Josh and others have made enough to live on for the rest of your lives.
While I hate to see anyone los etheir job excepst for Bob Chapek :-), it seems to be the entertaiment divison that will take the hardest hit. But if you ask me, it still seems the parks are still understaffed., so maybe they focus on hiring more personnel for the parks.
That is a shame that he is reducing 7000 jobs and the parks r making tons of money so then u have people out of jobs and the also it will make trips to Disney for people worse and those stupid park reservations it just gets worse all the time ever since Michael Eisner retired and then chapek started to ruin it but iger is also responsible for this after all he put him n charge he placed the candle and then chapek lit 🔥 what a shame the destruction they and their co-harts have done to destroy Walt disneys dream
Dang- I was hoping his return would mean MORE people being added, not less, given how much criticism Disney’s had for being bad to its employees and over-working them.
I don’t know if anyone has been to the parks in the last month but they are far from ‘under’ staffed. I had to stop chronicling the amount of EXCESS staff that was doing absolutely nothing.. every day.. for over 7 days in ‘every, single area’. It was an epidemic of people not engaging with visitors, talking about their personal lives incessantly, ignoring loads of customers needing to be waited on, no supervision to be found.. it was awful and made me very disappointed that I’m paying so much for everything while dozens of extra employees do nothing. I took so many pictures and videos that I had to make myself stop.
Disney says the parks are at FULL CAPACITY almost every day, but Disney is firing 7000 employees. DISNEY CONTINUES TO LIE TO THE PUBLIC. Pre-Covid the parks were full during certain holidays and that is understandable and believable. After Covid Disney says that the parks are full almost every day and that’s why the Park Reservation is necessary. This is the lie Disney is feeding us. Disney has NEVER TOLD US THE NUMBER OF PEOPLE IN A PARK THAT CONSTITUTES FULL CAPACITY. Why? If the parks are full most days, why is Disney letting go 7000 employees. I hope that some of the 7000 employees who will lose their jobs and their family livelihoods come onto this blog and tell the truth about what Disney is actually doing. The parks are not full every day and cast members are moved from a park that IS NOT BUSY TO A PARK THAT IS BUSY. Disney is doing the same thing with restaurants. Disney is doing the same thing with repair workers and that’s why RIDES ARE DOWN MORE FREQUENTLY AND FOR LONGER PERIODS OF TIME. We the guests are PAYING MORE AND AT THE SAME TIME BEING MORE INCONVENIENCED. When these 7000 cast members are fired, I hope they speak out and TELL THE TRUTH ABOUT HOW DISNEY IS HURTING THEM AND ALL OF US.