It was originally described as the big one, or even more pointedly, a straight-up bloodbath.
Either way, the lions share of layoffs atDisneyare expected to begin Monday.
A rep for Disney declined comment.
To say that anxiety is high is an understatement.
Iger coming back got everyones hopes up for investment in people as well as creativity.
Truth is if youre not operating a ride at the parks, you could be on the chopping block.
One employee even begged a Deadline reporter to find out if their job was safe.
Pray 4 me, another texted.
(A small business unitthat was focused on exploring themetaversewas also axed.)
According to sources, the various division heads were given cost targets.
The remnants of the dismantled Disney Media and Entertainment Distribution are an obvious target, too.
And then there is Hulu.
My moneys on the former, but that means they could operate it a lot more efficiently.
There was zero room for Michael in the new structure, one former Disney exec said.
A major wrinkle: Disney and ESPN face a looming renewal of multibillion-dollar NBA rights.
Why do you think MLB sold BamTech off in the first place?
They didnt want to be in the direct-to-consumer business, the exec says.
For Disney, they put their chips into the middle of the table by bringing BamTech in.
I love our industry.
Its brought so many amazing things to my life.
But my heart aches for my friends at ESPN/Disney awaiting the next round of cuts, shewrote.
Many have been there 20, 30 yrs.
Its all they know.
The anxiety of whats next for lifers in any line of work… so tough.
Dominic Patten contributed to this report.
