Lee’s Daily Blog

Tag: universal

Theme Parks: Disney Offers Buy Outs to 600 Managers

by on Jan.25, 2009, under Theme Parks

Although not your standard Theme Park discussion this week, this story did grab my attention in the RSS Feeds.

From the Orlando Sentinel:

The Walt Disney Co. offered buyouts Wednesday to more than 600 executives at its U.S. resorts — including 313 in Orlando — as the company struggles to cut costs amid a worsening recession.

The company planned to hand-deliver buyout packages to 619 executives, each of whom will have until Feb. 6 to decide whether to accept the offer.

Disney warned it will resort to lay offs if too few employees voluntarily walk away.

Disney seems to be trying its hardest to take as minimal impact as possible by targeting its cost saving measures (at least they haven’t gone directly into letting people go), along with trying to keep attendance up such as by cutting hotel rates.

Whilst the cuts are at the higher level, I don’t think it will impact the guest experience we have all come to love at Disney. However, if they have to start laying off staff lower down the chain, it is at that stage I think we risk seeing it influencing the experience we have at the Disney parks.

(continue reading…)

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