> The media company is eliminating about 1,000 roles, primarily as a result of Disney’s formation of a consolidated enterprise marketing division under the leadership of Asad Ayaz, chief marketing and brand officer, a source familiar with the situation said. The cuts will span marketing functions across Disney’s studios, TV networks, ESPN, product and technology, and corporate groups, the source added.
> “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” he wrote in the memo. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.”
Carolina_Blues on
The bachelorette loss has gotta be paid for somehow
Grungemaster on
New CEO stock price cheat code, that’s all this ever is
dudezillah on
How about the CEO’s take a huge page cut for once along with their entire leadership team? Need to put a stop to the BS
geraffes-are-so-dumb on
I’m glad his name is right in the title. Individuals make these decisions; we need to stop letting them hide under businesses. It’s like they want us to believe corporations are mysterious entities whose decisions the CEO must carry out. Josh D’Amaro did this, not Disney.
hamsterdanceonrepeat on
They could make all this money back simply by making the right live action movie js (Atlantis the Lost Empire)
No-Knee9457 on
Yet they get millions in bonuses. Eat the rich and burn it all down.
beans_is_life on
I don’t understand why instead of eliminating roles these companies can’t just leverage their existing employees by training them to adapt to changes in the industry? A healthy work environment actually fuels better output because people are more motivated. This kind of action only breads paranoia and short term thinking so we actually get worse services and products. This is literally why everything sucks and the reason innovation was peaking earlier was because people were being taken care of. Good leadership knows that’s the way but our businesses are so unregulated that this kind of action is normalized.
OldSandwich9631 on
The entertainment industry and the city of La is never going to recover with years upon years of mass layoffs.
My family was affected by this trend a couple years ago and it’s absolutely traumatic and really hasn’t gotten better. If there’s no local job stability or growth, la can’t recover. It’s an emergency, this is supposed to be our signature industry.
Ok-Sheepherder-5334 on
“Streamlining operations” aka giving that workload to the remaining employees
calvinist-batman on
ImperialPlaztiks on
Pathetic, nothing than the top 10% getting an even bigger slice of everything.
St0n3yM33rkat on
Disney saying “I know this is hard” is like Lucifer saying “I know this is hot”
DonaldTrumpsScrotum on
Force the sum total of the wages cut to be deducted from the CEOs earning, maybe lock that reduction in for a few years.
Call their bluff, seems fair, if you’re running a company so “bad” you need to let go of 1000 people, then you don’t deserve to be paid like you’re running a company well.
Cultural_Iron2372 on
Hard for who? It’s a blatant choice that leaders with integrity don’t make as often as our greedy CEOs have been in the last 5 years. Layoffs should be shamed.
webtheg on
This further proves the point that Michael Eisner was not the worst Disney CEO. I would honestly put pre Wells Death Eisner as better than Damaro, better than Iger, and better than Chapek
lizzy-stix on
It’s amazing how these guys are supposedly geniuses and their answer is always to fire people in their company. So many of these companies are running their businesses at below the correct number of employees. More money for the shareholders, worse experiences for everyone else. Hotels and stores run on half the number of people they were meant to, all these smart kids at Yale and Harvard get funneled into these shitty consultant jobs where they can figure out the maximum amount of misery they can inflict on customers in order to “streamline” the company lol.
And then all these companies are coming up with more and more fake ways to make money without improving (and in many cases worsening) the experience. Now it’s considered legitimate for venues and theme parks to have an entirely new revenue source where they let rich people pay to cut the lines. Delta is letting people gamble with their sky miles. It’s late stage capitalism every where you look, and AI is gonna make it worse.
Princess_and_a_wench on
“ I know this is hard” oh please. Tell that to all the people you made redundant, in a job market that’s leaving people destitute.
How about be honest and just say “ we only care about our stock price and this is the easiest way for a quick uptick”.
18 Comments
> The media company is eliminating about 1,000 roles, primarily as a result of Disney’s formation of a consolidated enterprise marketing division under the leadership of Asad Ayaz, chief marketing and brand officer, a source familiar with the situation said. The cuts will span marketing functions across Disney’s studios, TV networks, ESPN, product and technology, and corporate groups, the source added.
> “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” he wrote in the memo. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.”
The bachelorette loss has gotta be paid for somehow
New CEO stock price cheat code, that’s all this ever is
How about the CEO’s take a huge page cut for once along with their entire leadership team? Need to put a stop to the BS
I’m glad his name is right in the title. Individuals make these decisions; we need to stop letting them hide under businesses. It’s like they want us to believe corporations are mysterious entities whose decisions the CEO must carry out. Josh D’Amaro did this, not Disney.
They could make all this money back simply by making the right live action movie js (Atlantis the Lost Empire)
Yet they get millions in bonuses. Eat the rich and burn it all down.
I don’t understand why instead of eliminating roles these companies can’t just leverage their existing employees by training them to adapt to changes in the industry? A healthy work environment actually fuels better output because people are more motivated. This kind of action only breads paranoia and short term thinking so we actually get worse services and products. This is literally why everything sucks and the reason innovation was peaking earlier was because people were being taken care of. Good leadership knows that’s the way but our businesses are so unregulated that this kind of action is normalized.
The entertainment industry and the city of La is never going to recover with years upon years of mass layoffs.
My family was affected by this trend a couple years ago and it’s absolutely traumatic and really hasn’t gotten better. If there’s no local job stability or growth, la can’t recover. It’s an emergency, this is supposed to be our signature industry.
“Streamlining operations” aka giving that workload to the remaining employees
Pathetic, nothing than the top 10% getting an even bigger slice of everything.
Disney saying “I know this is hard” is like Lucifer saying “I know this is hot”
Force the sum total of the wages cut to be deducted from the CEOs earning, maybe lock that reduction in for a few years.
Call their bluff, seems fair, if you’re running a company so “bad” you need to let go of 1000 people, then you don’t deserve to be paid like you’re running a company well.
Hard for who? It’s a blatant choice that leaders with integrity don’t make as often as our greedy CEOs have been in the last 5 years. Layoffs should be shamed.
This further proves the point that Michael Eisner was not the worst Disney CEO. I would honestly put pre Wells Death Eisner as better than Damaro, better than Iger, and better than Chapek
It’s amazing how these guys are supposedly geniuses and their answer is always to fire people in their company. So many of these companies are running their businesses at below the correct number of employees. More money for the shareholders, worse experiences for everyone else. Hotels and stores run on half the number of people they were meant to, all these smart kids at Yale and Harvard get funneled into these shitty consultant jobs where they can figure out the maximum amount of misery they can inflict on customers in order to “streamline” the company lol.
And then all these companies are coming up with more and more fake ways to make money without improving (and in many cases worsening) the experience. Now it’s considered legitimate for venues and theme parks to have an entirely new revenue source where they let rich people pay to cut the lines. Delta is letting people gamble with their sky miles. It’s late stage capitalism every where you look, and AI is gonna make it worse.
“ I know this is hard” oh please. Tell that to all the people you made redundant, in a job market that’s leaving people destitute.
How about be honest and just say “ we only care about our stock price and this is the easiest way for a quick uptick”.