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eeyoreguy
11-01-2008, 11:49 AM
http://www.latimes.com/business/la-fi-disney31-2008oct31,0,2548903.story

Disney executives have been holding meetings in anticipation of a possible economic recession. While not confirmed by Disney, one of the measures being discussed is job cuts in all divisions of the company.

The President of ABC News, David Westin, issued a staff memo instructing them "to make sure we have all the resources we need to cover the news" while implementing cost cutting measures. This includes flying "one grade below what they're entitled to" and to "stay in 'B' level hotels." The News department is canceling all magazine and newspaper subscriptions and there will be no holiday parties scheduled this year.

Disney's Co-Chair of Disney Media Networks, Anne Sweeney, has asked her staff for cost saving recommendations should the economy warrant it. It's been reported that other Disney departments have been given similar instructions.

Universal previously announced that it is cutting its budget by 3%, a $500 million decrease in spending, in response to "unprecedented economic challenges".

Tink
11-01-2008, 01:32 PM
A few years ago WDW had a freeze on new positions, terminated all their animators, and laid off a number of their service employees, so this is not new to them.

Unfortunately, once that particular "crisis" was over they never ramped up to previous standards and the parks show the negative effects of not having enough trained personnel.

Laying off more employees is only going to exacerbate that situation. :(

Taja
11-01-2008, 02:51 PM
Not surprising.

Disney has survived many economic downturns by doing what is necessary.

As Tink said, the parks tend to suffer each time. :sigh;

malcolm
11-01-2008, 03:04 PM
Obviously they wont drop parking and admission fees to try and coax the customers in:confused: less money in customers pockets and with $ comeing down against foreign curency less tourists will visit but WDW and God forbid their proffits will go down

Taja
11-01-2008, 03:20 PM
Obviously they wont drop parking and admission fees to try and coax the customers in:confused: less money in customers pockets and with $ comeing down against foreign curency less tourists will visit but WDW and God forbid their proffits will go down

They've been offering a lot of room and/or package discounts. But they want you to stay on site and spend more money there--not relax offsite in a comfy villa. So it isn't likely they'll reduce the price of tickets or parking--unless it really becomes necessary. :rolleyes:

malcolm
11-01-2008, 03:26 PM
Know what you mean Taja but they would sell more day tickets than they are at the moment and probably near future.
The Orlando Tourist Board are at a shopping centre in Kent this weekend to try and drum up more trade(been on our local radio) speaking to some tour operators and bookings are down and some being canceld all part of our current situation sadly...

Tink
11-01-2008, 05:08 PM
I agree with you Malcolm. Yes, I know WDW is a for profit corporation, but they can offer incentives to bring in all visitors not just the ones that they see as most lucrative.

Offering a discount on day passes, or parking may well be the little thing that coaxes folks to go to a WDW park instead of finding something (very easily done) less expensive to do.