Why is Disney short staffed?
Why is Disney short staffed? Many Cast Members were laid off during park closures, and while some were called back to work, others lost their jobs permanently. 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.
Has Disney attendance declined?
After a blowout 2022 driven by pent-up demand, visits to Florida's Disney World are down as much as 15% this year, according to one analysis.
Why is Disney laying off so many employees?
The cuts to Disney's global workforce are part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company's operations in a period of media industry turmoil. In a memo to staff obtained by CNN, Iger said the layoffs would come in three waves.
Is Disney World losing money 2023?
How are Disney parks doing financially? As of Q2 of FY 2023, things were looking up for the parks, but the revenues for Disney Parks, Experiences, and Products for that quarter (Q2 of FY 2023) did increase by 17%.
What is being replaced at Disney World?
Splash Mountain Closing at Disneyland & Disney World Now, the ride has closed its doors forever. The brand new ride replacing it, Tiana's Bayou Adventure, is inspired by Tiana, the radiant star of the 2009 animated hit The Princess and the Frog.
What is replacing at Disney World?
Disney will replace Splash Mountain with Tiana's Bayou Adventure, starring a Black princess and New Orleans - Axios New Orleans.
Are Disney World employees happy?
87 percent of employees say they are proud to work for The Walt Disney Company. 80 percent of employees believe the business segment they work in develops creative products, services and content.
What are Disney employees not allowed to say?
The three words that Disney employees are trained not to say are “I don't know.” “If a guest asks you a question, you always have to have an answer, no exceptions,” an anonymous former Cast Member shared online. “If you don't know it, find out, but don't say you don't know.
Why has Disney lost so many subscribers?
Disney+ lost roughly 11.7 million subscribers worldwide in the three months that ended July 1, for a new total of 146.1 million. All the decline came from a low-priced version of Disney+ in India. Last year, Disney lost a bid to renew the expensive rights to Indian Premier League cricket matches.
Is Disney done with layoffs?
Disney Completes 7,000 Job Cuts The company still has plans to eliminate more roles internationally over a period of time, according to a source close to the situation, but Disney has now concluded the benchmark it set in February, soon after Iger's return as CEO upon the ousting of Bob Chapek.
What percent of Disney employees are homeless?
She was forced to live out of her car in a Magic Kingdom employee parking lot. “A conservative survey of Magic Kingdom Cast Members, full-time, found out that ten percent of Magic Kingdom Cast Members are currently homeless,” Jessica explained. “And the problem has only gotten worse since the shutdown.”
Why are Disney employees striking?
Employees are calling for better working conditions and higher wages to account for inflation. The first strike took place on 23 May and saw 500 “cast members” walk out on the job, out of 17,000 total employees at the park.
Why is Disney attendance so low?
Meanwhile, travel agents have pointed to higher ticket prices as a major factor in declining theme park attendance. On top of that, trips to Europe appear to be cannibalizing demand for domestic theme parks this year — likely both contributing to the downturn.
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.