Disney-ABC TV to begin layoffs....

[hertamaniac]

https://www.bizjournals.com/losange...ayoffs-to-cut-costs.html?ana=yahoo&yptr=yahoo

 

[jkh36619]

And it continues. If they would just focus on parks, merchandise and movies they would be so much better off

 

[jknezek]

And it continues. If they would just focus on parks, merchandise and movies they would be so much better off

Depends. Right now, yes. Post 9/11 and again during the Great Recession? Not so much. ESPN and ABC carried them through those periods of low travel and, in the case of post 9/11, fallow animation. The Parks are very economy sensitive. TV not so much, though tv right now is in a period of dislocation. Disney will come out the other end with the Parks stronger due to the current investment and tv divisions much smaller. But when the economy sinks, and it will at some point because economies are the definition of cyclical, having an alternative revenue stream to tide them over will be more than helpful.

 

[ShadeDK]

If the networks in general were doing great, this would be bigger news. They're not, though, so it seems consistent with the market trend. The expected layoffs are about 3% of the division. Those numbers suggest Disney may want a ready response to shareholders if the numbers are disappointing at the end of the fiscal year soon - i.e. that Disney is being "proactive" even though there's really no significant movement here (maybe if we were talking layoffs of 10% or more). Additionally, the layoffs include employees leaving through attrition so this may be phased - not the sign of a drastic and immediate cull to improve performance and numbers.