600 Amusement Park Exec's To go!

[TheBeadPirate]

The Wall Street Journal reported this afternoon that Walt Disney is offering buyout packages to about 600 executives at the company's domestic resorts and parks unit. Employees have until Feb. 6 to accept the buyouts, according to the Journal.

[zulemara]

I was JUST about to post this. Wall street journal makes you subscribe in order to view the entire story, but I have a feeling it will be on all major news outlets by morning.

[checkwriter]

According to the Orlando Sentinel (http://www.orlandosentinel.com/news/local/breakingnews/orl-bk-disney-executive-layout-012109,0,3302228.story), 313 are in Orlando.

Doubt that this is going to improve service . . .

[sorul82?]

I was posting this same thing on another thread.

Yes, attendance is down because if the recession, but it is not all because of the recession.

[sorul82?]

According to the Orlando Sentinel (http://www.orlandosentinel.com/news/local/breakingnews/orl-bk-disney-executive-layout-012109,0,3302228.story), 313 are in Orlando.

Doubt that this is going to improve service . . .

Maybe they should switch back to the less expensive white buns. :rotfl2:

[DVCsince02]

The Wall Street Journal reported this afternoon that Walt Disney is offering buyout packages to about 600 executives at the company's domestic resorts and parks unit. Employees have until Feb. 6 to accept the buyouts, according to the Journal.

Well, where have you been missy?

[TheBeadPirate]

Lori has been working on an assigment for about 90 days now... lots of work (6-7 days a week, 10-12 hour days)... but the end is in sight... she will return to her minions:rotfl2:

[doconeill]

According to the Orlando Sentinel (http://www.orlandosentinel.com/news/local/breakingnews/orl-bk-disney-executive-layout-012109,0,3302228.story), 313 are in Orlando.

Doubt that this is going to improve service . . .

These are apparently executive positions. The real danger is that the good ones take the buyout and go elsewhere, leaving the idiots in place...

Hopefully Disney Parks has simply realized that they are top heavy (not unusual in good times) and rather than cutting back at the lower levels where service IS affected (as is usual practice at megacorps) they are looking to cut the real fat (Iger's wallet not withstanding).

In the end, it will matter how many accept the offer vs. how many they are willing to grant - Disney may have a particular number in mind, and if more accept the buyout they will use seniority or some other tiebreaker, or just accept them all. If LESS than the number accept, they may simply lay some more off to meet the number.