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On the day before Thanksgiving, the Walt Disney Co. revealed 4,000 more layoffs are coming in its theme parks division, bringing the total number of announced layoffs to 32,000 across the company.
Disney World is anticipating a busy holiday season, with 77% of park reservations booked for the next quarter. As of Nov. 12, the resort was booked near capacity over the Thanksgiving weekend, Disney executives said.
originally posted by: JAGStorm
www.orlandosentinel.com...
On the day before Thanksgiving, the Walt Disney Co. revealed 4,000 more layoffs are coming in its theme parks division, bringing the total number of announced layoffs to 32,000 across the company.
Disney World is anticipating a busy holiday season, with 77% of park reservations booked for the next quarter. As of Nov. 12, the resort was booked near capacity over the Thanksgiving weekend, Disney executives said.
I've been in corporate long enough to know this is cutting dead wood or too costly employees.
I would bet they are laying off, while also rehiring, probably at a lower pay.
For those talking about the great reset, this is how large companies recycle cheap employees.
The public isn't outraged, because they will blame the pandemic...
The article doesn't specify Orlando, but I read elsewhere they are doing it there and at Universal.
originally posted by: Never Despise
Tokyo Disneyland alone lost $500 million USD this year because of COVID. That's not chump change.
originally posted by: ketsuko
a reply to: Never Despise
What all are they into? It's mostly entertainment.
Theme parks, resorts, cruise lines, movies. All of those are taking a sharp hit with everyone, worldwide not being allowed to go places and even if they are, people being too afraid to.
the resort was booked near capacity over the Thanksgiving weekend, Disney executives said
originally posted by: Never Despise
a reply to: JAGStorm
Perhaps you are right...the internet tells me they have an estimated net worth of nearly $130 billion. Foolish old me, thinking half a billion matters these days...
Tokyo Disney Park Investors Shrug at Loss of Only Revenue Stream.....................
If the impact of the coronavirus becomes long-term, say for one or two years, shares might drop but in that case most Japanese companies will be suffering, he says. And even in that scenario, while earnings will be hit Oriental Land will still have its strong management.
As of Nov. 12, the resort was booked near capacity over the Thanksgiving weekend, Disney executives said.
originally posted by: JAGStorm
www.orlandosentinel.com...
On the day before Thanksgiving, the Walt Disney Co. revealed 4,000 more layoffs are coming in its theme parks division, bringing the total number of announced layoffs to 32,000 across the company.
Disney World is anticipating a busy holiday season, with 77% of park reservations booked for the next quarter. As of Nov. 12, the resort was booked near capacity over the Thanksgiving weekend, Disney executives said.
I've been in corporate long enough to know this is cutting dead wood or too costly employees.
I would bet they are laying off, while also rehiring, probably at a lower pay.
For those talking about the great reset, this is how large companies recycle cheap employees.
The public isn't outraged, because they will blame the pandemic...
The article doesn't specify Orlando, but I read elsewhere they are doing it there and at Universal.