Today is “D Day” for hundreds of executives throughout The Walt Disney Company’s east coast and west coast divisions that support the parks and resorts (including Imagineering). Today’s the day they have to decide if they’ll take a severance package or risk future layoffs with severance that won’t be as generous. While Disney hasn’t mentioned how deep of cuts they want, it’s thought they want deep cuts in upper management where salaries are high so as to prevent layoffs in the parks where the guest experience might be directly affected.
I don’t envy anyone who has to make this decision for themselves and their family. But at the same time, I hope enough people opt to take the package and prevent even worse layoffs in the future. During the 1Q result conference call, Bob Iger made it clear that he wants to keep as minimal impact on the guest experience as possible during the recession. So cuts in management are likely to be deep.
(More at the Orlando Sentinel)