We’ve seen plenty of internal changes impacting Disney workers recently.
Walt and Mickey
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.
Bob Chapek and Bob Iger © CNBC
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.
©Reuters | Disney CEO Bob Iger
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.
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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
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.