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  1. #1

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    Disney CFO: pinkslips on the table

    Disney pinkslips on the table, CFO says

    Tom Staggs says ads, theme park attendance have fallen

    By Georg Szalai
    The Hollywood Reporter
    Dec 9, 2008, 02:31 PM ET

    NEW YORK -- Expect layoffs to also hit the Walt Disney Co. soon.

    Other sector biggies have already announced job cuts, and Disney is taking "a hard look" at costs across its divisions amid a potentially long recession, CFO Tom Staggs said here Tuesday, without providing any figures.

    He also said TV advertising and theme park attendance trends have further weakened in recent weeks, but theme park hotel room advance bookings have improved a bit amid an aggressive promotion.

    Speaking at the 36th annual UBS Global Media and Communications Conference, Staggs also predicted that the DVD market will take a hit in the current downturn, and echoed NBCUniversal CEO Jeff Zucker in saying the broadcast network business in its current form must change.

    In his conference appearance, Staggs declined to give a target figure for likely job cuts or savings at Disney, but said such moves are in the works.
    full article at:
    Disney pinkslips on the table, CFO says

  2. #2

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    Re: Disney CFO: pinkslips on the table

    Thankfully I don't know anyone in the 'corporate' side of things... except for one. But I don't think they'll cut her.


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  3. #3

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    Re: Disney CFO: pinkslips on the table

    It's not just corporate. It's the WHOLE of the Walt Disney Company Worldwide. My division is cutting 75% of headcount right now.

  4. #4

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    Re: Disney CFO: pinkslips on the table

    yeah.. this is about all of Disney.. not just the Parks and Resorts divisions which is just a slice of TWDC
    Check out my blog - Coreplex: Rambling from inside the Grid


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  5. #5

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    Re: Disney CFO: pinkslips on the table

    I would hope Jay Rasulo and tom fitzgerald are among the first to be layed off.

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