1ºMark McCall they’re still, as of today, investing $17B over the next 10 years here.
This Lake Nona project was doomed from the start. As soon as Chapek announced it, the 2000 employees that were to be relocated started balking at the idea.
Last year after Iger came back on board, he made it known at a investors meeting he wasn’t behind the idea, and another month or so later, the project was pushed to 2026.
This was an office move that was unneeded, they just want to slowly move all operations out of CA because of the high taxes, like the movie industry is doing going to Canada and Georgia, and more slowly, the tech industry is doing.
2ºBob Campbell A member of the core site selection team offered CNBC an inside look at how Virginia won — and New York lost.
Among the external sources the team looked at was the CNBC America’s Top States for Business rankings. The annual study scores all states on 64 metrics across 10 categories of competitiveness, including Workforce, Cost of Doing Business, Quality of Life, Infrastructure and Economy.
But the biggest motivator for Amazon: a state committed to developing a technology talent pipeline for the future. Virginia is the Top State for Business in 2019, and it offers the best workforce in the nation, according to the CNBC study, with the nation’s largest concentration of science, technology, engineering and math employees.
3ºDisney announced on May 22, 2023 that it would be laying off 2,500 employees. The layoffs are expected to affect employees across all levels and business units, and they are part of a larger effort by Disney to reduce costs and streamline its operations.
The layoffs come at a time when Disney is facing a number of challenges, including the ongoing COVID-19 pandemic, the war in Ukraine, and rising inflation. These challenges have led to a decline in Disney's revenue and profits, and they have forced the company to make some difficult decisions.
The layoffs are the latest in a series of cost-cutting measures that Disney has taken in recent months. In February, Disney announced that it would be laying off 3,900 employees. And in March, Disney announced that it would be reducing its spending on new content.
The layoffs are a sign that Disney is facing some serious challenges. However, the company is also taking steps to address those challenges. And it is possible that the layoffs will help Disney to become more efficient and profitable in the long run.
Here are some additional details about the layoffs:
The layoffs will affect employees across all levels and business units, including Disney Parks, Experiences and Products, Disney Media and Entertainment Distribution, and Walt Disney Studios.
Disney has not yet released a list of specific job titles that will be affected by the layoffs.
The layoffs are expected to take place over the next few months.
Disney has said that it will provide severance packages and outplacement assistance to affected employees.
The layoffs are a difficult decision for Disney, but they are necessary to ensure the long-term health of the company. Disney is a global leader in the entertainment industry, and it is committed to providing its employees with a safe and rewarding work environment.
4ºCharles Tucker
The war in Ukraine is having a significant impact on the global economy, and Disney is not immune. The company has been forced to raise prices, cut costs, and lay off employees in response to the economic challenges created by the war.
The war has also had a negative impact on Disney's business in Russia. The company has suspended all operations in Russia, including its theme parks, cruise ships, and streaming services. This has led to a significant loss of revenue for Disney.
The war in Ukraine is a complex and evolving situation. It is difficult to predict how long the war will last or what the long-term impact will be on the global economy. However, it is clear that the war is having a significant impact on Disney and other businesses.
Here are some of the specific ways in which the war in Ukraine is affecting Disney:
Increased costs: The war has led to an increase in the cost of energy, food, and other commodities. This has increased Disney's costs, which has put pressure on the company's profits.
Reduced revenue: The war has led to a decrease in Disney's revenue from its theme parks, cruise ships, and streaming services in Russia. This has had a significant impact on the company's bottom line.
Layoffs: Disney has been forced to lay off employees in response to the economic challenges created by the war. This has affected employees across all levels and business units.
Uncertainty: The war has created uncertainty for Disney and other businesses. This uncertainty has made it difficult for Disney to plan for the future and has made it more difficult to make investment decisions.
The war in Ukraine is a difficult situation for everyone involved. Disney is doing its best to navigate the challenges created by the war, but the company is facing significant challenges. It is too early to say what the long-term impact of the war will be on Disney, but it is clear that the war is having a significant impact on the company right now.