Quote:
Originally Posted by justinsain
" The Walt Disney Co. reported on Tuesday sharply lower profit during the first three months of the year, as the media-and-entertainment giant was squeezed by heavy discounting in its theme parks and a poor performance at its movie studio.
Disney said it made $613 million during the three months that ended March 28 -- the second quarter of the company's fiscal year -- down 46 percent from $1.1 billion during the same period last year. "
Revenue dropped 7 percent to $8.1 billion.
http://www.orlandosentinel.com/busin...,2091555.story |
I'd be laying people off too.
Quote:
Originally Posted by joshgirls
I worked at a big company until i got laid off recently, i saw the efforts they made to save jobs. they eliminated 401K matching, reduced hours, suspended raises & bonuses, all before doing any layoffs.
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And that helped how? Are you suggesting Disney should just keep taking bigger and bigger hits until they are no longer profitable? Sure sounds like it.
Quote:
Originally Posted by joshgirls
Parks division made $171 million in the quarter.
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You act like that is a lot of money. That is only 17 million burgers with a Coke combos.