We’ve seen plenty of internal changes impacting Disney workers recently.
Not only is Disney moving forward with the Lake Nona project that will transplant thousands of employees from California to Florida, but the company is also undergoing a massive restructuring as Bob Iger refocuses the company’s priorities.
Before his sudden departure, Bob Chapek announced that Disney would be instituting a hiring freeze following major financial losses, particularly within the streaming domain. This was then confirmed by Iger after he replaced Chapek in late November.
Iger is planning to combat this by focusing on Disney+ in the near future. However, that’s not all the company will be doing to improve their financial situation. Yesterday during the Q1 earnings call Iger announced the Walt Disney Company will be reducing its workforce by 7,000 jobs and job cuts would begin soon.
Now, we’ve heard from another Disney executive regarding these cuts. Josh D’Amaro, Chairperson of Walt Disney Parks and Resorts, stated in an email to Cast Members that the workforce reductions won’t be relegated to one sector. Every segment of the company, including Parks, Experiences, and Products, will be subject to the layoffs. However, he explained that Disney anticipates those working hourly frontline roles in operations won’t be impacted.
In an email to cast, Josh D’Amaro said workforce reductions will impact every segment across the company, including Parks, Experiences, and Products. However, he said the company does NOT expect it to impact hourly frontline roles in operations. pic.twitter.com/rQYJ7ABG4l
— Scott Gustin (@ScottGustin) February 9, 2023
Our thoughts go out to those Cast Members who will be affected by these job cuts. As Disney continues their restructuring and the company experiences more changes, stay tuned to our site for the latest. 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.
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
WE KNOW DISNEY.
YOU CAN, TOO.
Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation.
Whether you're a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever!
Save 25% on the 2023 DFB Guide to Walt Disney World Dining with code WDW2023.
What news were you most shocked to hear from the earnings call yesterday? Comment below!
anne farina says
AS THE PARKS ARE THE ONLY THIG MAKING THM MONEY, THEY NEED TO MAKE CUTS TO THE HIGHER UPS IN THE OTHER DIVISIONS OF THE COMPANY
Rebecca Arendt says
Moving thousands from Califorina to Florida? As a Florida resident we are already overrun by people moving here from other states…and I am wondering if they continue to be payed California salaries what that will do to the housing market? It will price out local families who earn much less than people in California. This is horrible for Florida.