Posts Tagged ‘Disney’

Over 600 Executives Offered Buyout from Disney

In the ever-tightening economy, Disney is now making a cost-cutting move that will affect hundreds of people in Central Florida. According to the Orlando Sentinel, it is offering about 600 of its executives a buyout option, with more than half of those chosen working here in the Orlando-area.

Spaceship EarthMany of those are people that have been with the company for decades and are commanding top dollar salaries. Granted some may be near retirement, anyways, but the realities are that in this economy, many can’t afford to be without a job. And if they don’t take the voluntary leave, many of them will just be laid off in the next round of cuts – but without the severance package being offered now.

All of this is happening as Walt Disney World has several DVC building projects in various stages of completion, and is preparing to open the new “American Idol” attraction at Disney’s Hollywood Studios, which I would imagine involves some hefty licensing fees.

Last thing Orlando needs is less jobs and more people looking for work.  What are your feelings on all this? Are you affected by this move in some way?  Let us know.

Disney Free on Your Birthday in 2009

In a New York City ballroom on Sept. 18, 2008, Disney Parks and Resorts chairman Jay Rasulo (pictured) announced that Disney Parks will welcome guests in 2009 with free theme park admission on their birthday.

LET THE CELEBRATION BEGIN: In a New York City ballroom on Sept. 18, 2008, Disney Parks and Resorts chairman Jay Rasulo (pictured) announced that Disney Parks will welcome guests in 2009 with free theme park admission on their birthday.

In a stroke of genius that in hindsight makes me wonder, why haven’t they done this before, Disney announced they will be offering free admission for people on their birthday in 2009. What a great way to get people out to the park, especially locally. Hitting the parks on your “special day” is always on the list of possible activities for most any local resident, and this move probably just made up hundreds of thousands of people’s minds for what to do next year. No one goes to the park without dropping some cash on food and merchandise and likely won’t go alone. Further, they created a special reason to pull the trigger for tons of people on a rotating schedule every day of the calendar next year! That’s genius! Give the guy that got that idea off the ground over there a raise.

See the full press release here.

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