Disney to cut quarter of jobs from global development group

[crazy4wdw]

Disney to cut quarter of jobs from global development group
By Jason Garcia, Orlando Sentinel

5:48 p.m. EST, December 23, 2010

The Walt Disney Co.'s theme-park division is eliminating almost a quarter of the jobs within its global business-development group, the unit charged within identifying future growth opportunities for Disney's $11 billion-a-year parks business.

Walt Disney Parks and Resorts will cut 14 jobs — including 11 in Orlando — from the roughly 65-person global development team.

Disney said the move is designed to eliminate some of the overlap created nearly two years ago when it merged business development with real-estate development as part of broader corporate restructuring. More than half of the jobs will be culled from the real-estate group, whose Disney World projects include Golden Oak, a luxury-home subdivision being built near the Magic Kingdom, and Flamingo Crossings, a long-stalled retail-and-lodging district aimed at budget travelers.

Rest of the article here: http://www.orlandosentinel.com/the-daily-disney/os-disney-layoffs-20101223,0,6590544.story

 

[OKW Lover]

I had to laugh when I saw this headline (which I realize comes directly from the newspaper story). Would it have been news if they said Disney cut 14 jobs? A seriously slow news day I'm guessing.