Is Disney having staffing issues?
Is Disney having staffing issues? This staggering two-year drop in employment led to Disney's smallest reported workforce since 2015. The significant staff shortages were felt by guests since parks reopened.
How does Disney treat their employees 2023?
After the final vote next week, Walt Disney World workers will instead receive an immediate bump to a minimum $17 an hour, which will rise to $18 an hour by the end of 2023. Then, over the next three years, workers will see additional bumps of $2.50 to $5.60 per hour.
Why did Disney get rid of their CEO?
Iger, 71, agreed to a two-year contract after the board determined that Mr. Chapek, 62, had done irreparable damage to his ability to lead, with a string of missteps resulting in the lost confidence of Wall Street and most senior Disney executives, as well as many rank-and-file employees.
Is Disney having a layoff?
Following this round, 4,000 people will have been laid off from the company. A third round is expected to start before the beginning of the summer, Disney officials said. Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.
Do Disney employees get paid well?
How much does a Walt Disney World Cast Member make? As of Sep 24, 2023, the average hourly pay for a Walt Disney World Cast Member in the United States is $16.79 an hour.
Does Disney treat its employees well?
In March 2017, the Department of Labor found Disney guilty of forcing employees to pay for costumes out of their own pockets. As a result, many Disney World employees made less than the minimum wage. The Labor Department investigation also found Disney failed to compensate employees properly for overtime.
Is Disney understaffed?
Low Wages & Subpar Benefits. Even after successful union negotiations, employee benefits are no longer enough for Disney's low-wage workers to survive—many live paycheck-to-paycheck, viewing retirement as an impossible dream. “A lot of our departments are understaffed and overworked,” u/FawkesFire13 wrote.
Is Disney laying off employees 2023?
Disney layoffs 2023 are reportedly here once again, this time for a third round of job cuts. As per a report, the Bog Iger-led Disney is cutting some more jobs and notifying impacted employees this week. According to a CNN report, this round of Disney layoffs have impacted more than 2,500 employees.
Is the Disney company doing well?
Although Walt Disney World is facing slowing growth, it's still doing extremely well. Compared to pre-pandemic levels in fiscal 2019, Walt Disney World posted 21% higher revenue and 29% higher operating income in Q3 fiscal 2023 (when factoring in accelerated depreciation for the failed Starcruiser project).
What is happening to Disney in 2024?
Back in 2023, Disney announced during Star Wars Celebration that there would be more stories and characters and all new adventures coming to Star Tours in 2024. And now we know at least one of those new stories and characters will be Ahsoka, as seen in the new Disney+ series bearing the same name.
What are the employment issues with Disney?
Back in February, Bob Iger announced that the Walt Disney Company would undergo a restructuring, causing $5.5 billion in spending cuts. As a part of this overhaul, 7,000 job cuts went into motion, and many lost their jobs in the following months.