I am so sorry Disney folks about the layoff news. I have a friend who is on medical leave and he keeps asking if I heard anything about layoffs. We are keeping him away from social media/blind to avoid any mental stress that will affect his treatment. I want to share correct info with him in a way so that he can handle it. Any news on - 1. When will 7k layoffs start at Disney? Or is it already started? 2. Who will be impacted Tech/non-tech? 3. FTE/Contractor or both? 4. Layoffs from any particular country?
Feels like it’ll hit ESPN and Disney+ harder…still too many people visiting the theme parks and buying out passes. I wonder if they’re gonna lay off the software folks and try to hire back for cheap. Doesn’t make sense to layoff their hardware folks
Has not started and nobody knows who or when or why or how. SVPs and above don't have targets to hit yet. Internal HR talking points say we need to prepare people for MONTHS before we figure it out.
Months... my nerves are getting to their limit today lol
I’m surprised you keep your company as Square if you’re working at Disney. There’s a lot more info in posts on the internal Disney blind chats. Just fyi.
From the rumor mill, we will probably know more by next Friday because they wanted to avoid layoff announcements before the super bowl weekend and we have another launch mid next week as well.
Well. From the CTO of Espn, seems like Disney streaming and Espn will merge together.
Are you able to share how you learned this and confidence level it is correct?
I heard that the 7k count includes open roles that weren’t filled from the hiring freeze which is 3k.
That is correct. I was given the same info. The hiring freeze definitely helped.
Hiring freeze will continue in 2023 except for Critical Path roles and require SVP approval. Iger has a heart, he blames Chapek for the DMED mess and wants to minimize layoffs because streaming IS The Future. The reason this isn’t happening quickly is because Disney HR is trying to SAVE as many jobs as possible, this isn’t Twitter.
What happens with March RSUs?