sri_india Posted September 29, 2020 Report Share Posted September 29, 2020 Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 Prolonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division. In a letter sent to employees on Tuesday, Josh D’Amaro, head of parks at Disney, detailed several “difficult decisions” the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees. Shares of the company fell less than 2% after the closing bell on Tuesday. Around 67% of the 28,000 laid off workers were part-time employees, according to D’Amaro. The company declined to break down the layoffs by individual park locations. While Disney’s theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been able to reopen with limited capacity, both California Adventure and Disneyland have remained shuttered in Anaheim, California. “As you can imagine, a decision of this magnitude is not easy,” D’Amaro wrote in the letter obtained by CNBC. “For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company. We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity.” The parks, experiences and consumer products segment is a vitally important part of Disney’s business. Last year, it accounted for 37% of the company’s $69.6 billion in total revenue. Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 letter to employees from management Team, I write this note to you today to share some difficult decisions that we have had to make regarding our Disney Parks, Experiences, and Products organization. Let me start with my belief that the heart and soul of our business is and always will be people. Just like all of you, I love what I do. I also love being surrounded by people who think about their roles as more than jobs, but as opportunities to be a part of something special, something different, and something truly magical. Earlier this year, in response to the pandemic, we were forced to close our businesses around the world. Few of us could have imagined how significantly the pandemic would impact us -- both at work and in our daily lives. We initially hoped that this situation would be short-lived, and that we would recover quickly and return to normal. Seven months later, we find that has not been the case. And, as a result, today we are now forced to reduce the size of our team across executive, salaried, and hourly roles. As you can imagine, a decision of this magnitude is not easy. For the last several months, our management team has worked tirelessly to avoid having to separate anyone from the company. We’ve cut expenses, suspended capital projects, furloughed our cast members while still paying benefits, and modified our operations to run as efficiently as possible, however, we simply cannot responsibly stay fully staffed while operating at such limited capacity. As heartbreaking as it is to take this action, this is the only feasible option we have in light of the prolonged impact of COVID-19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic. Thank you for your dedication, patience and understanding during these difficult times. I know that these changes will be challenging. It will take time for all of us to process this information and its impact. We will be scheduling appointments with our affected salaried and non-union hourly employees over the next few days. Additionally, today we will begin the process of discussing next steps with unions. We encourage you to visit The Hub or the WDI Homepage for any support you may need. For those who will be affected by this decision, I want to thank you for all that you have done for our company and our guests. While we don’t know when the pandemic will be behind us, we are confident in our resilience, and hope to welcome back Cast Members and employees when we can. Most sincerely, Josh D’Amaro Chairman of Disney Parks, Experiences and Products 1 Quote Link to comment Share on other sites More sharing options...
ring_master Posted September 29, 2020 Report Share Posted September 29, 2020 Park lo lepaaru ante next IT lo kuda leptaaru Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 2 minutes ago, ring_master said: Park lo lepaaru ante next IT lo kuda leptaaru Disney parks is separate unit Disney business lo , defiantly eee 28,000 lo IT vallu kuda untaru Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 I worked as developer in Disney parks and resorts division .... Quote Link to comment Share on other sites More sharing options...
MiryalgudaMaruthiRao Posted September 29, 2020 Report Share Posted September 29, 2020 ok Quote Link to comment Share on other sites More sharing options...
MiryalgudaMaruthiRao Posted September 29, 2020 Report Share Posted September 29, 2020 recession coming guys Quote Link to comment Share on other sites More sharing options...
ring_master Posted September 29, 2020 Report Share Posted September 29, 2020 7 minutes ago, sri_india said: Disney parks is separate unit Disney business lo , defiantly eee 28,000 lo IT vallu kuda untaru Ade baa ee parks ni support chese IT batch kuda vntadi kadaa Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 Just now, ring_master said: Ade baa ee parks ni support chese IT batch kuda vntadi kadaa yeah , naa path colleagues , entha mandi lestharoo emo papam Quote Link to comment Share on other sites More sharing options...
Picheshwar Posted September 29, 2020 Report Share Posted September 29, 2020 38 minutes ago, MiryalgudaMaruthiRao said: recession coming guys Savings Quote Link to comment Share on other sites More sharing options...
Pappu_Packitmaar Posted September 29, 2020 Report Share Posted September 29, 2020 Disney Parks la antha mandi pani chestunara ? Like 28,000 people ni leputunaru ante oka 50k workers vunatara Disney parks la ? Quote Link to comment Share on other sites More sharing options...
r2d2 Posted September 29, 2020 Report Share Posted September 29, 2020 Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 3 minutes ago, Pappu_Packitmaar said: Disney Parks la antha mandi pani chestunara ? Like 28,000 people ni leputunaru ante oka 50k workers vunatara Disney parks la ? only USA parks division lo nee more than 100K mandi chestharu .... Quote Link to comment Share on other sites More sharing options...
sri_india Posted September 29, 2020 Author Report Share Posted September 29, 2020 see this , only Disney World lo nee more than 77,000 employees When the Magic Kingdom opened in 1971, the site employed about 5,500 "cast members".[56] In 2020, Walt Disney World employs more than 77,000 cast members. Quote Link to comment Share on other sites More sharing options...
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