Disney Offers Buyout to Execs, Considers Layoffs

21 Jan

It has been brought to my attention that my family is not the only one feeling the pain of the global economic crisis.

From the Orlando Sentinel:

Walt Disney Co. said today it is offering buyouts to 600 executives in its domestic theme parks and resorts, including 313 managers at Disney World in Orlando, to reduce costs in the face of the ongoing nationwide recession.

The 600 managers, all above the level of director, have until Feb. 6 to decide if they want to take the offered buyout. At that point, the company may consider layoffs as well.

Hat tip to Mark Goldhaber for posting this to Facebook before I’d even seen it on Google News, and also (in a bit of a tangent) to Geoff Carter, whose Facebook, twitter updates, and RSS shared items continue to chronicle the downfall of print news. Geoff, I do hear you as you wonder whether there is a journalism field to even return to. Amen.

My heart goes out to the executives considering the buyout packages, as well as the rank-and-file Cast Members who are no doubt cringing as they read the tea leaves.

One Response to “Disney Offers Buyout to Execs, Considers Layoffs”

  1. J. Chris March 26, 2009 at 11:35 pm #

    Looks like those Disney layoffs are here.

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