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Disney begins third round of expected
layoffs, cutting more than 2,500 additional
jobs, source says

Original Article

Posted By: Dreadnought, 5/23/2023 10:50:23 AM

A third wave of expected layoffs is underway at Disney, and employees impacted by the cuts are being notified this week, a source familiar with the situation told CNN. More than 2,500 staff are expected to lose their jobs across the latest wave of layoffs, the source said, in what is anticipated to be the last significant round of cuts that were previously announced by Disney CEO Bob Iger. It was not immediately known which divisions would be impacted by the latest round of cuts. A Disney (DIS) spokesperson declined to comment. The first two waves of layoffs took place in March and April, eliminating roughly 4,000 jobs, including at ESPN,

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Reply 1 - Posted by: bad-hair 5/23/2023 10:56:21 AM (No. 1475715)
And they thought Bud was up the creek !! We the people are DONE with you.
20 people like this.

Reply 2 - Posted by: bpl40 5/23/2023 11:06:47 AM (No. 1475725)
Go woke. Go broke. Double down. Go to hell!
18 people like this.

Reply 3 - Posted by: DVC 5/23/2023 11:26:44 AM (No. 1475741)
Good news. If Disney were to cease to exist - that would be ideal.
15 people like this.

Reply 4 - Posted by: seamusm 5/23/2023 11:33:26 AM (No. 1475747)
I'd bet the wrong people are getting pink slips. Nothing is gonna change.
16 people like this.

Reply 5 - Posted by: Luandir 5/23/2023 11:47:26 AM (No. 1475757)
The little guys always pay the price for the craniorectal decisions made by the clueless at the top,
15 people like this.

Reply 6 - Posted by: HonestDon 5/23/2023 12:31:02 PM (No. 1475795)
Uh, lemme see: Is Disney failing because DeSantis (and, therefore the people of Florida,) is/are mean? Or could it be that the people who (would) buy tickets to Disney parks, movies and event are NOT WOKE, and just want a nice, clean place to take their kids? Disney, along with Coke, Anheuser-Busch, and the many other companies who have allowed their management to put their feel-good, PC politics ahead of the business, should now be allowed to experience the displeasure of MAIN STREAM AMERICA! Stock holders: SPEAK UP!
10 people like this.

Reply 7 - Posted by: skacmar 5/23/2023 1:35:48 PM (No. 1475845)
The media keeps blaming DeSantis for the layoffs but the article clearly says that the layoffs re all part of a WORLDWIDE cost cutting plan to save billions of dollars due to financial concerns. ESPN has long been a financial basket case. Other divisions have become bloated and ineffective. Chapek's woke pronouncements and mis-steps with the Gay bills in Florida, as well as continued gay grooming and wokeness in children's movies have also hurt the bottom line. And don't forget the failure of the Star Wars Hotel which is too expensive for anyone to stay in and will be closing after less than a year. Lots of Disney mis-steps have led to the lay offs, not DeSantis.
6 people like this.

Reply 8 - Posted by: DW626 5/23/2023 1:56:23 PM (No. 1475857)
Oh well. I’ve been laid off three times in my life, but always found another job. Life will go on for the Disneyites, as they’ll be forced to find something else to do for a living.
10 people like this.

Reply 9 - Posted by: Zeek Wolfe 5/23/2023 2:06:42 PM (No. 1475865)
Most people living in SoCal would no more visit Disneyland than go into Mexico. I know people who live ten miles from the Mexican border and have for many years, fearful of visiting the place. Disneyland, full of wokesters and costly, too, is becoming almost as repellent as Mexico.
7 people like this.

Reply 10 - Posted by: Omen55 5/23/2023 2:22:47 PM (No. 1475867)
It's no good till the suits get the chop.
6 people like this.

Reply 11 - Posted by: Mushroom 5/23/2023 2:53:01 PM (No. 1475879)
Actually, I wonder how much of this has to do with the sudden incre4aded costs of doing business now that they are required to be under the same thumb of government the rest of us are. I doubt it's the entire cost, but betcha it's a chunk.
4 people like this.

Reply 12 - Posted by: Axeman 5/23/2023 5:00:19 PM (No. 1475945)
Hey Guv. Greasome, another win for California, right? Well only if it's Florida Disney laying off.
3 people like this.

Reply 13 - Posted by: padiva 5/23/2023 6:27:35 PM (No. 1476001)
Do you remember a few years ago when Disney brought in foreigners to replace US workers because the foreigners would work for a lot less money......and the US workers had to train them if they wanted to get their severance package. The tables have turned.
2 people like this.

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