Update: Many more details revealed at Disney Online. I was just sent the two photos below of what appears to be membership pins for a new merchandise club for Disney fans called D23. (WDW News Today is running the same photos so I hope they’re… Read More »D23, Disney’s New Membership Club
The change that we all knew was coming has been announced. Once Disney announced that they would be offering severance packages to hundreds of Parks and Resorts Division Executives, I knew the next shoe to drop would be a further consolidation of the east and west coast management structures.
Frankly, Disney has been trending this way a long time. Disneyland lifers have been holding out against the move fearing they would lose some of what makes Walt Disney’s original park special, but the economic crisis has given Jay Rasulo the ammunition to install the changes.
This new action will result in some job loss even below the executive level that was offered severance packages. Unfortunately the details were not announced so we don’t know how deep job loss will go.
Two areas we know are going to get hit hard are: Imagineering and Theme Park Operations. At Walt Disney Imagineering everyone will be consolidated into a single group that handles design for all parks.
The operating infrastructure at Walt Disney World and the Disneyland Resort will also be merged to create a single domestic organization and “back-of-house” operation.
Disney execs were putting the final touches on these changes last week while in town for the American Idol Experience launch.
The changes announced today are effective immediately.
Disney’s Press Release on the reorganization is below the cut and don’t miss Jason Garcia’s coverage at the Orlando Sentinel.:
Read More »Disney Parks and Resorts Division Restructures for Cost Savings
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… Read More »D-Day for Disney Park Executives, Layoff or Severance?
The Walt Disney Company shared results from its first quarter (actually 4th quarter 08 calendar speaking) and profits dropped 32 percent. That and some other shaky news has caused shares to slide which has me itching to do one thing. Buy some Disney stock. Alas,… Read More »Disney posts drop in profits, gloomy outlook looms
There’s never a good time to be laid off from one’s job. But in a down economy when jobs are melting away across the spectrum, it’s particularly bad. So it goes without saying that our thoughts here at The Disney Blog are with the people… Read More »Layoffs grow wider at the Mouse House
Do you own stock in The Walt Disney Company, do you plan to, or are you just concerned about the general health of the Walt’s legacy? Well then the 2008 Annual Report for the Walt Disney Company might interest you. You can see it now… Read More »The Walt Disney Company 2008 Annual Report now available
A few sundry links for your surfing pleasure tonight. DisUnplugged has a look at what Guest performers go through at the American Idol Experience. I spent most of Saturday afternoon watching the preview shows and will have a report tomorrow night sometime. Rick Munarriz at… Read More »Sundry Disney News on a Sunday Night
While not coming anywhere close to the obscene compensation packages that Michael Eisner earned for a few years ($204 million one year), Current Walt Disney Company CEO Bob Iger’s latest compensation package is raising a few eyebrows. Iger earned $30.6 in total pay, bonus, and… Read More »Iger 2008 compensation package includes $13.9 million bonus