Disney Parks Chairman Josh D'Amaro says job losses are coming to the parks division

Feb 09, 2023 in "The Walt Disney Company"

Posted: Thursday February 9, 2023 4:04pm ET by WDWMAGIC Staff

In a memo sent to Disney Cast Members this afternoon, Disney Parks, Experiences, and Products Chairman Josh D'Amaro says that job losses will occur in the parks segment.

Echoing Bob Iger's comments yesterday, Josh says that "the company is targeting significant savings across all businesses and the reorganization will result in necessary reductions to our overall workforce. While our teams have made great progress in contributing to cost savings, these measures affect every segment and organization — including ours — and are vital as we implement more cost-effective, coordinated, and streamlined operations."

Although the Disney Parks, Experiences, and Products division will see workforce reduction, D'Amaro says that he does not expect this to affect hourly frontline operations roles.

Yesterday, Disney CEO Bob Iger announced there will be a new Disney organizational structure with three segments - Disney Entertainment, ESPN, and 'Disney, Parks Experiences, and Products.' The restructuring will allow Disney to save $5.5 billion in cost savings, and as part of the plan, Iger says Disney will eliminate 7000 jobs. Cost reductions will be comprised of approximately 50% marketing, 30% labor, and 20% technology procurement and other expenses.

The Walt Disney Company issues statement fully outlining details of its strategic restructuring.

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Tha RealestJun 19, 2023

Taps sign.

LSLSJun 14, 2023

Agree with that, I liked Chelios

HauntedPirateJun 14, 2023

Now that is less than desirable, let’s say. I can’t stand that either. But losing Chelios is not good for ESPN’s hockey coverage. And I rarely have to care because the Wild are so infrequently on those two stations… 😂

LSLSJun 14, 2023

Tnt is awful. Having guys openly cheering for teams during intermission is beyond obnoxious. Admittedly I don't watch ESPN either, but I legit won't watch my teams if they are on TNT at this point.

HauntedMansionFLAJun 13, 2023

They got rid of their whole floral department and is going with a third party.

DisorbustJun 13, 2023

Just checked and nothing from Florida and I know they did layoffs.

HauntedPirateJun 13, 2023

TNT's studio staff blows away ESPN's. I'm not a huge fan of one or two of them, but when you have the Great One *and* King Henrik together? Good golly Miss Molly.

DCBakerJun 13, 2023

A few WARN notices have started to appear.

SirwalterraleighJun 11, 2023

Here’s something to keep an eye on too… It’s only the beginning https://www.cnn.com/2023/06/10/us/southern-california-hotel-workers-strike/index.html

SirwalterraleighJun 06, 2023

I have no problem with chelios…he’s just a victim of ESPN half heartedly trying to cover hockey. I don’t know why they bother to try? Really poor quality. Ferraro makes excuses for headshots over and over again. He’s as useless as an announcer as he was a player. No tears there

LSLSJun 06, 2023

But they kept levy and messier? I really hope they don't try to become as unwatchable as tnt

TraumaJun 06, 2023

Sucks Chris is a friend of mine. Well actually my wife is friends with his wife. Money isn’t an issue he just loves Hockey and has to be as involved as possible.

SirwalterraleighJun 06, 2023

Who wants a park and a character breakfast??

some other guyJun 06, 2023