March 27, 2009

Report: Hundreds laid off at Disney

Hundreds of Walt Disney World employees in Florida are being handed pink slips and escorted off the property.

Orlando Business Journal said its broadcast partner, Central Florida News 13, said the layoffs involve from 400 to 800 people, but Disney officials would not confirm the number of people affected. Disney said layoffs are part of the restructuring announced last month.

Source: Pacific Business News

January 29, 2009

Disney plans 5% job cuts at ABC group

Filed under: Ad Industry,media,US — 7macaw @ 1:43 pm
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Walt Disney Co (DIS.N) plans to lay off 200 people at its ABC division, a Disney executive familiar with the situation said, underscoring the media industry’s struggle with sliding ad sales.

The media giant intends to also freeze 200 vacant jobs, resulting in an overall 5-percent reduction of ABC’s workforce of about 6,500 to 7,000, said the Disney source, who declined to be identified because the company had not announced the cuts publicly.

Source: Reuters

January 22, 2009

Disney offers buyouts to 619 executives

Filed under: Resorts,US — 7macaw @ 11:04 am
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The Walt Disney Co. offered buyouts Wednesday to more than 600 executives at its U.S. resorts as the company struggles to cut costs amid a worsening recession.

The company planned to hand-deliver buyout packages to 619 executives, each of whom will have until Feb. 6 to decide whether to accept.

Disney said it will resort to layoffs if too few employees voluntarily walk away.

Source: Orlando Sentinel

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