Why is Disney cutting jobs when its making money?

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  • Joshua G
    dumb libs love censorship
    • Jul 2008
    • 8198
    #1

    Why is Disney cutting jobs when its making money?

    Corporations usually cut jobs when they are losing money.

    Disney cut 1900 positions at its parks division, in the same quarter it books $600 million in profits. Thats how disney treats its employees.

    Think about that next time you are buying disney crap for your kids.
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    • Socks
      Confirmed User
      • May 2002
      • 8475
      #2
      I thought the same thing about Microsoft.. Even his e-mail saying they "only" made SIXTEEN BILLION dollars last QUARTER... I mean nice way to say we can't afford you people right?

      But it's really a PR move. All those employees get nice severance packages, and many probably get re-hired in other departments and whatnot.

      They don't do it because they're running out of money, they do it to appease the stockholders of the company who they have to answer to.

        Comment

        • i need a better name
          Registered User
          • Apr 2009
          • 38
          #3
          Originally posted by joshgirls
          Corporations usually cut jobs when they are losing money.

          Disney cut 1900 positions at its parks division, in the same quarter it books $600 million in profits. Thats how disney treats its employees.

          Think about that next time you are buying disney crap for your kids.
          maybe they lie about their actual profits or see the future. It's easy to say you made a profit but it's just as easy to go broke doing the same thing in the future

            Comment

            • seeandsee
              Check SIG!
              • Mar 2006
              • 50945
              #4
              Originally posted by joshgirls
              Corporations usually cut jobs when they are losing money.

              Disney cut 1900 positions at its parks division, in the same quarter it books $600 million in profits. Thats how disney treats its employees.

              Think about that next time you are buying disney crap for your kids.
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                • BradM
                  Confirmed User
                  • Dec 2003
                  • 3397
                  #5
                  Originally posted by Socks
                  They don't do it because they're running out of money, they do it to appease the stockholders of the company who they have to answer to.
                  Correct.

                    Comment

                    • After Shock Media
                      It's coming look busy
                      • Mar 2001
                      • 35299
                      #6
                      Many companies cut jobs when they are making money. Do not see your point really. If I can find a way to get the same job done at the same quality with less people I would cut out some jobs too.

                      This does vaguely remind me of when everyone was up in arms over robots taking their jobs, as they were added to assembly lines.

                      Very curious was their quarter profits of 600 million overall profits or just park profits? Was the parks that profitable or were cuts possibly needed? Could it be attendance was down or whatever and those 1900 people were not needed during current times.

                      [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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                        • tony299
                          lurker
                          • Aug 2002
                          • 57021
                          #7
                          Because the 100 million dollar executive bonuses have to come from somewhere.

                            Comment

                            • IllTestYourGirls
                              Ah My Balls
                              • Feb 2007
                              • 14311
                              #8
                              To make their company and stock holders more money.

                                Comment

                                • After Shock Media
                                  It's coming look busy
                                  • Mar 2001
                                  • 35299
                                  #9
                                  Originally posted by tony404
                                  Because the 100 million dollar executive bonuses have to come from somewhere.
                                  ah yes it has to be that.

                                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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                                    • IllTestYourGirls
                                      Ah My Balls
                                      • Feb 2007
                                      • 14311
                                      #10
                                      Originally posted by tony404
                                      Because the 100 million dollar executive bonuses have to come from somewhere.
                                      Where does the money for Obamas bloated budget come from?

                                        Comment

                                        • Adam X
                                          Now Giving 1 Fuck Daily
                                          • Apr 2002
                                          • 2493
                                          #11
                                          Originally posted by Socks
                                          They don't do it because they're running out of money, they do it to appease the stockholders of the company who they have to answer to.

                                          Disneyland covers expenses each day in the first 15 minutes after park opens.

                                          The rest of the day is pure profit.

                                          Everything there is way overpriced, but hey, people pay for it.
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                                            • Barefootsies
                                              Choice is an Illusion
                                              • Feb 2005
                                              • 42635
                                              #12
                                              Originally posted by tony404
                                              Because the 100 million dollar executive bonuses have to come from somewhere.
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                                                • Si
                                                  Such Fun!
                                                  • Feb 2008
                                                  • 13900
                                                  #13
                                                  simple:

                                                  to make more............

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                                                    • woj
                                                      <&(©¿©)&>
                                                      • Jul 2002
                                                      • 47880
                                                      #14
                                                      newsflash: that's how things work in capitalism...
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                                                        • justinsain
                                                          Confirmed User
                                                          • Feb 2005
                                                          • 3374
                                                          #15
                                                          Their revenue was down 46% and they had to make some changes. That's just business 101.

                                                          Don't hate on Disney, it's the happiest place on earth

                                                            Comment

                                                            • David!
                                                              By the wrath of Agamemnon
                                                              • Apr 2004
                                                              • 6501
                                                              #16
                                                              The goal of the firm is to maximize shareholder's wealth...
                                                              If you don't like that then move to Cuba.
                                                              .

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                                                                • shwsrvcs
                                                                  Confirmed User
                                                                  • Aug 2006
                                                                  • 600
                                                                  #17
                                                                  1900 employees in the park divisions is nothing over the entire scope of eveyone that works for Disney in a park worldwide. They are getting rid of the 15 to 20 year permanents and will hire new employees for the summer to run the rides at a lower rate. They can hire teenagers on the cheap to work the rides. I worked at Disneyland for 9 years driving floats and we were the only non-union employees in that whole park so I saw how it was whenever a union contract would come up for renewal, we were the automatic scabs of the park, my girlfriends mother just got her 30 years of service award working in fantasyland and now has a silver pass that will turn gold when she retires and they can't do anything about it, she will get in free and get us in free until she DIES. The uniions kill the profits for the park operations and if they are able to lay off the 15 to 20 year old employees, then bring new people in, the shareholders will indeed get the profits they are looking for and be happy for one more year.
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                                                                    • shwsrvcs
                                                                      Confirmed User
                                                                      • Aug 2006
                                                                      • 600
                                                                      #18
                                                                      Originally posted by justinsain
                                                                      Their revenue was down 46% and they had to make some changes. That's just business 101.

                                                                      Don't hate on Disney, it's the happiest place on earth
                                                                      It really is..
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                                                                        • justinsain
                                                                          Confirmed User
                                                                          • Feb 2005
                                                                          • 3374
                                                                          #19
                                                                          Originally posted by shwsrvcs
                                                                          It really is..
                                                                          BTW I live in Orlando

                                                                            Comment

                                                                            • Fire
                                                                              Confirmed User
                                                                              • Feb 2002
                                                                              • 486
                                                                              #20
                                                                              Some of you guys are such buffoons.

                                                                              The purpose of any business is to make profits (that's money for you buffoons) for its owners.

                                                                              If cutting liabilities (that's employees for you buffoons), while still maintaining income, will increase profits, then, they have an OBLIGATION to do that!

                                                                                Comment

                                                                                • baddog
                                                                                  So Fucking Banned
                                                                                  • Apr 2001
                                                                                  • 107089
                                                                                  #21
                                                                                  Originally posted by joshgirls
                                                                                  Corporations usually cut jobs when they are losing money.

                                                                                  Disney cut 1900 positions at its parks division, in the same quarter it books $600 million in profits. Thats how disney treats its employees.

                                                                                  Think about that next time you are buying disney crap for your kids.
                                                                                  What were the profits the quarter before that? Are their profits going up or are they going down?

                                                                                  $600 mil is a lot of money to you, it might be a hit to them.

                                                                                    Comment

                                                                                    • EscortBiz
                                                                                      Fuck Checks, CASH only!
                                                                                      • May 2002
                                                                                      • 19422
                                                                                      #22
                                                                                      they simply are not in denial and they know it will only get worse before it gets better so to keep the net up they have to start cutting now, it sucks to have to lay people off but in most cases if they where in your shoes they would do the same so you cant feel too bad

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                                                                                        • justinsain
                                                                                          Confirmed User
                                                                                          • Feb 2005
                                                                                          • 3374
                                                                                          #23
                                                                                          Originally posted by baddog
                                                                                          What were the profits the quarter before that? Are their profits going up or are they going down?

                                                                                          $600 mil is a lot of money to you, it might be a hit to them.

                                                                                          " 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

                                                                                            Comment

                                                                                            • Joshua G
                                                                                              dumb libs love censorship
                                                                                              • Jul 2008
                                                                                              • 8198
                                                                                              #24
                                                                                              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. The company was losing huge money when it laid off people. at least i can look at my employer & say they did everything they could to save my job before letting me go.

                                                                                              But if you work at disney, they will fire you just to keep making money.

                                                                                              My point is not about capitalism. Yes companies are free to fire at will, whenever they want. But there is a concept of corporate responsibility that is necessary for capitalism to work without government takeovers/bailouts. We are living in an age where corporate leaders think only of themselves. So we have corporations that are selling fraud mortgages, creating energy crisis (remember cali?) selling toys from china containing lead, food full of salmonella, etc.

                                                                                              in that context, i think its disgusting that a large company that takes in billions in profits anually is firing employees while it is making money. In light of the woes of travel, hotels, vegas, for disney to bring in a $600 million profit last quarter is quite an accomplishment. But when its done by firing the people that run the company, maybe its not such an accomplishment after all.

                                                                                                Comment

                                                                                                • Pleasurepays
                                                                                                  BANNED - SUPPORTING TUBES
                                                                                                  • Aug 2002
                                                                                                  • 11913
                                                                                                  #25
                                                                                                  i can't wait for the glorious day when poor people rise up and take over the worlds largest corporations to show all those ignorant, ivy league education, highly experienced professionals with decades of experience, how it should be done. obviously retarded porn webmasters are well qualified to critique the business strategy of the worlds largest corporations in the midst of a severe economic recession.

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                                                                                                    • mOrrI
                                                                                                      It's over there...
                                                                                                      • Nov 2004
                                                                                                      • 4208
                                                                                                      #26
                                                                                                      Greedy?!

                                                                                                      Or maybe the parks are losing money!?

                                                                                                        Comment

                                                                                                        • The Duck
                                                                                                          Adult Content Provider
                                                                                                          • May 2005
                                                                                                          • 18243
                                                                                                          #27
                                                                                                          Because they are evil.
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                                                                                                            • Joshua G
                                                                                                              dumb libs love censorship
                                                                                                              • Jul 2008
                                                                                                              • 8198
                                                                                                              #28
                                                                                                              Originally posted by mOrrI
                                                                                                              Greedy?!

                                                                                                              Or maybe the parks are losing money!?
                                                                                                              Parks division made $171 million in the quarter.

                                                                                                                Comment

                                                                                                                • Joshua G
                                                                                                                  dumb libs love censorship
                                                                                                                  • Jul 2008
                                                                                                                  • 8198
                                                                                                                  #29
                                                                                                                  Originally posted by Pleasurepays
                                                                                                                  i can't wait for the glorious day when poor people rise up and take over the worlds largest corporations to show all those ignorant, ivy league education, highly experienced professionals with decades of experience, how it should be done. obviously retarded porn webmasters are well qualified to critique the business strategy of the worlds largest corporations in the midst of a severe economic recession.
                                                                                                                  you never have anything to contribute except insults. go away.

                                                                                                                    Comment

                                                                                                                    • Pleasurepays
                                                                                                                      BANNED - SUPPORTING TUBES
                                                                                                                      • Aug 2002
                                                                                                                      • 11913
                                                                                                                      #30
                                                                                                                      Originally posted by joshgirls
                                                                                                                      you never have anything to contribute except insults. go away.
                                                                                                                      there are better forums for you out there you know.

                                                                                                                      1) the communist party of America

                                                                                                                      there you can discuss corporate practice and how the workers should control the means of production in an economy (because they are obviously qualified to do so)

                                                                                                                      2) GoHugYourself.com - this is a nice place for hopeless pussies to talk about flowers, rainbows, unicorns, butterflies and bubbles - where no one is allowed to get upset.

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                                                                                                                        • commonsense
                                                                                                                          So Fucking Banned
                                                                                                                          • Feb 2007
                                                                                                                          • 1790
                                                                                                                          #31
                                                                                                                          Originally posted by woj
                                                                                                                          newsflash: that's how things work in capitalism...



                                                                                                                          No one is entitled to a job, just for the sake of having one. They wouldn't cut the jobs if they were needed

                                                                                                                            Comment

                                                                                                                            • Twistys Tim
                                                                                                                              Confirmed User
                                                                                                                              • Apr 2008
                                                                                                                              • 1923
                                                                                                                              #32
                                                                                                                              Originally posted by joshgirls
                                                                                                                              Corporations usually cut jobs when they are losing money.

                                                                                                                              Disney cut 1900 positions at its parks division, in the same quarter it books $600 million in profits. Thats how disney treats its employees.

                                                                                                                              Think about that next time you are buying disney crap for your kids.
                                                                                                                              To make more money.


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                                                                                                                                • baddog
                                                                                                                                  So Fucking Banned
                                                                                                                                  • Apr 2001
                                                                                                                                  • 107089
                                                                                                                                  #33
                                                                                                                                  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.

                                                                                                                                  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.
                                                                                                                                  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.

                                                                                                                                  Originally posted by joshgirls
                                                                                                                                  Parks division made $171 million in the quarter.
                                                                                                                                  You act like that is a lot of money. That is only 17 million burgers with a Coke combos.

                                                                                                                                    Comment

                                                                                                                                    • Brad Mitchell
                                                                                                                                      Confirmed User
                                                                                                                                      • Nov 2001
                                                                                                                                      • 9813
                                                                                                                                      #34
                                                                                                                                      Am I the only one here that thinks it's prudent for companies to be pro-active if they know they're going into tougher quarters that won't meet the market expectations?

                                                                                                                                      Brad
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                                                                                                                                        • Voodoo
                                                                                                                                          ♥ ♦ ♣ ♠
                                                                                                                                          • Sep 2002
                                                                                                                                          • 10600
                                                                                                                                          #35
                                                                                                                                          Disney treats their employees like gold. I think you are mistaken. I've known a few people that worked for them in various departments of the company. They are a great company.

                                                                                                                                          "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

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                                                                                                                                            • Joshua G
                                                                                                                                              dumb libs love censorship
                                                                                                                                              • Jul 2008
                                                                                                                                              • 8198
                                                                                                                                              #36
                                                                                                                                              i guess its better to have a compliant workforce that happily takes it in the ass because hey, that how capitalism works. Its great to work for someone 10 years & they fire you just to maintain net margins. Thats the american way in republican lala land.

                                                                                                                                              Thats also why our country is so fucked up.

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                                                                                                                                                • raven1083
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Jul 2007
                                                                                                                                                  • 7687
                                                                                                                                                  #37
                                                                                                                                                  inorder to make more profit
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                                                                                                                                                    • Joshua G
                                                                                                                                                      dumb libs love censorship
                                                                                                                                                      • Jul 2008
                                                                                                                                                      • 8198
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by Brad Mitchell
                                                                                                                                                      Am I the only one here that thinks it's prudent for companies to be pro-active if they know they're going into tougher quarters that won't meet the market expectations?

                                                                                                                                                      Brad
                                                                                                                                                      is money that important to a company, that it is better to fire employees while making money? You do understand that layoffs fuck up the morale of people still working there. To the executives in corporate america that have run us into a ditch, clearly money is that important. Money is definitely more important than employees at disney, no matter how well they treat them.

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                                                                                                                                                        • baddog
                                                                                                                                                          So Fucking Banned
                                                                                                                                                          • Apr 2001
                                                                                                                                                          • 107089
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by joshgirls
                                                                                                                                                          is money that important to a company
                                                                                                                                                          Would you like to think about that for a moment? Maybe as a stockholder.

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                                                                                                                                                            • Sin_Vraal
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Feb 2002
                                                                                                                                                              • 465
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Brad Mitchell
                                                                                                                                                              Am I the only one here that thinks it's prudent for companies to be pro-active if they know they're going into tougher quarters that won't meet the market expectations?

                                                                                                                                                              Brad
                                                                                                                                                              Stop asking logical questions. this thread is not the place for it.
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                                                                                                                                                                • SGS
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Dec 2002
                                                                                                                                                                  • 5176
                                                                                                                                                                  #41
                                                                                                                                                                  Stupid thread of the day.
                                                                                                                                                                  See sig...

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                                                                                                                                                                    • Joshua G
                                                                                                                                                                      dumb libs love censorship
                                                                                                                                                                      • Jul 2008
                                                                                                                                                                      • 8198
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by baddog
                                                                                                                                                                      Would you like to think about that for a moment? Maybe as a stockholder.
                                                                                                                                                                      i know dude. the high society people who own all the disney stock tip their champagne glasses because management kept the money coming in. Meanwhile 1900 jobs are out the door. Maybe i'm being a populist here. The shareholders would fire me as CEO because i protected jobs at the expense of profits. I guess i need to become crueler if i want to be rich.

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                                                                                                                                                                        • GregE
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Jul 2004
                                                                                                                                                                          • 2704
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by IllTestYourGirls
                                                                                                                                                                          Where does the money for Obamas bloated budget come from?
                                                                                                                                                                          The same place it came from for Bush's bloated budgets.

                                                                                                                                                                          Taxpayers.

                                                                                                                                                                          Layoffs make for fewer taxpayers. You do the math.

                                                                                                                                                                          And yes, companies got to do what they got to do to maintain the bottom line and such but that doesn't mean that these kind of stories don't suck
                                                                                                                                                                          Last edited by GregE; 05-06-2009, 11:33 PM.

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                                                                                                                                                                            • Robbie
                                                                                                                                                                              Leaner, Meaner, Faster
                                                                                                                                                                              • Aug 2002
                                                                                                                                                                              • 20960
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by joshgirls
                                                                                                                                                                              i know dude. the high society people who own all the disney stock tip their champagne glasses because management kept the money coming in. Meanwhile 1900 jobs are out the door. Maybe i'm being a populist here. The shareholders would fire me as CEO because i protected jobs at the expense of profits. I guess i need to become crueler if i want to be rich.
                                                                                                                                                                              What about the elderly who own Disney Stocks as part of their retirement plans? You are aware that the percentage of "average" Americans who own stocks and bonds is higher than ever before in history? It isn't just "high society people" It's more complicated than that. And yeah, I feel bad about people losing their jobs. But Disney is a corporation and has to think about the big picture and the future. They aren't in business to give people jobs. They are in business to make money and grow as a company. Nobody is owed a job in this world. Matter of fact nobody is owed anything. That's just the way it is.
                                                                                                                                                                              If a guy had a job there for 10 years...then instead of feeling bad about it, he should be happy he got paid for 10 years. It's rough out here.
                                                                                                                                                                              -Robbie
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