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(LA Times)   Disney to lay off 175 employees across its entire television group, including Disney-owned ABC affiliates. Will KABC's hardest-working, best-looking reporter be axed for arbitrary cost-cutting reasons? More at 11   (latimes.com) divider line 171
    More: Obvious, ABC News, Disney, Disney/ABC Television Group, media proprietor, organizational structure, layoffs, open positions  
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8066 clicks; posted to Main » on 22 Aug 2013 at 9:45 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-08-22 08:31:50 AM  
Not Ric! Anyone but Ric!
 
2013-08-22 09:22:58 AM  
And so the rounds of layoffs at big corporations begin again.
 
2013-08-22 09:29:18 AM  
it's incumbent upon us to stay ahead of the curve. To that end, we've undergone a review of our organizational structures and processes, and have re-imagined and realigned certain areas and functions to gain efficiencies and better position us for future growth

How about you increase your core competencies and make go farking yourself a primary action item with an eye toward productivity and connectivity. That would be great.
 
2013-08-22 09:41:53 AM  

Mugato: it's incumbent upon us to stay ahead of the curve. To that end, we've undergone a review of our organizational structures and processes, and have re-imagined and realigned certain areas and functions to gain efficiencies and better position us for future growth

How about you increase your core competencies and make go farking yourself a primary action item with an eye toward productivity and connectivity. That would be great.


They don't have to listen to you, because they have f*ck you money and you don't.

The vast majority of big business isn't about revenue growth or reinvestment or R&D anymore, it's about profit margins. When your market share solidifies, which happens in just about every business, you cut costs to gain as much profit margin as possible. Why? It's about earnings per share and using those earnings (cash) to buy back shares of stock. And it's ONLY about stock price for those assholes at the top. And only short term stock price.

If you cut too many people and people begin hating you and everything starts to erode, you can just hand the company off early to some other CEO and then blame them when things start to go south (bonus points if the new CEO is a woman, like Ginny Rometty.) Or if the company goes under while you're still CEO, just take your golden parachute because you've got dirt on how many prostitutes the board of directors has buried in his backyard.

The sh*ttiest, most irresponsible thing about this stuff is that most of these 1% clowns with their 20 million dollar paychecks don't even know how to reinvest their own money into other ventures. They just float around on a f*cking cushion of cash.

But I'm sure it's good for the yacht industry. I'm sure whatever CEO has the foresight and money to start a yacht company will come out gangbusters.
 
2013-08-22 09:49:07 AM  
Another corporation reporting record profit, revenue, and EPS laying off workers.

All hail the job creators.
 
2013-08-22 09:52:22 AM  

bdub77: And so the rounds of layoffs at big corporations begin again.


not just the big ones.

the online retailer Fab.com just celebrated a new $150 million funding round (and a $1 billion valuation) by laying off 15% of its workforce.
 
2013-08-22 09:52:23 AM  

bdub77: And so the rounds of layoffs at big corporations begin again.


The peasants were starting to get uppity. They had to be put in their place.
 
2013-08-22 09:53:45 AM  

AngryDragon: Another corporation reporting record profit, revenue, and EPS laying off workers.

All hail the job creators.


Please retire that same old rhetoric.  We all know the Job Creators don't perform layoffs, that's delegated to the evil middle classes, they only hire new employees.  Esepcially when their profit post-tax is higher.
 
2013-08-22 09:54:36 AM  

Lost Thought 00: bdub77: And so the rounds of layoffs at big corporations begin again.

The peasants were starting to get uppity. They had to be put in their place.


Namely, not their house, which now belongs to Bank of America Holding Corporation.
 
2013-08-22 09:59:24 AM  
Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.
 
2013-08-22 09:59:24 AM  
Hokey pokey, it's like Occupy Fark in here!
 
2013-08-22 10:00:38 AM  

ikanreed: AngryDragon: Another corporation reporting record profit, revenue, and EPS laying off workers.

All hail the job creators.

Please retire that same old rhetoric.  We all know the Job Creators don't perform layoffs, that's delegated to the evil middle classes, they only hire new employees.  Esepcially when their profit post-tax is higher.


I think I heard on NPR yesterday that for the bottom 70% wage inequality is getting worse. So I guess you need the middle/upper middle class to do your dirty work for you and you keep their wages increasing to maintain the status quo so they don't realize they are slowly being f*cked over. Once you piss off the upper middle class, it's game over.

/or you could, you know, keep the peasants preoccupied with Megachurches. I'm pretty sure the recent abortion laws in certain states is the equivalent of giving a ball of yarn to a group of cats.
 
2013-08-22 10:02:06 AM  
blah blah blah small business blah blah blah job creators
 
2013-08-22 10:03:22 AM  

bdub77: /or you could, you know, keep the peasants preoccupied with Megachurches. I'm pretty sure the recent abortion laws in certain states is the equivalent of giving a ball of yarn to a group of cats.


And gay marriage, the ACA, and evolution in schools.  Gotta keep the serfs distracted.
 
2013-08-22 10:04:28 AM  
BREAKING: Corporate financial officers look upon employees as a reducible cost. We go now to our exclusive report.

farm4.staticflickr.com
 
2013-08-22 10:07:49 AM  
Obamacare strikes again.
 
2013-08-22 10:08:18 AM  

Mugato: it's incumbent upon us to stay ahead of the curve. To that end, we've undergone a review of our organizational structures and processes, and have re-imagined and realigned certain areas and functions to gain efficiencies and better position us for future growth

How about you increase your core competencies and make go farking yourself a primary action item with an eye toward productivity and connectivity. That would be great.


Ben Murphy?
 
2013-08-22 10:09:05 AM  
FTFA:

ALSO:

Disney profit up slightly

Walt Disney Co. extends Bob Iger's deal

Bob Iger promises to build 'China's Disneyland' in Shanghai
 
2013-08-22 10:09:46 AM  
But the insipid Disney program content will stay as stupid as possible for as long as possible.
Why?
Step Three: Profit!
 
2013-08-22 10:10:31 AM  

RockofAges: misanthropologist: Hokey pokey, it's like Occupy Fark in here!

"Job creators" is a joke. Demand creates jobs. Not arbitrary or artificial supply.

Please do tell us more about what is wrong about what the farkistanis are saying ITT.


Too serious, dude. Way too serious.
 
2013-08-22 10:11:20 AM  

misanthropologist: Hokey pokey, it's like Occupy Fark in here!


Let's see: The Dow's at 14,900. A company with over $42,000,000,000 in revenues last year and a current market cap of $114,936,085,637 is claiming it needs to quit employing as many people in order to stay competitive.

Yeah, I think we're OK to call "bullshiat" when we see it.
 
2013-08-22 10:13:23 AM  

RockofAges: misanthropologist: Hokey pokey, it's like Occupy Fark in here!

"Job creators" is a joke. Demand creates jobs. Not arbitrary or artificial supply.

Please do tell us more about what is wrong about what the farkistanis are saying ITT.


Record earnings, profits, and revenues seems to be a pretty good indicator of increased demand to me.  Just saying.
 
2013-08-22 10:13:38 AM  
Yet for some reason, their broadcasts will have a 12 minute weather segment where I angrily clutch the sofa because I just want to know tomorrow's weather and the past 11 minutes were spent telling me what already happened today.  Solar Flares!  Goddammit, if you're going to make me watch this crap for 12 minutes, at least put on a shorter skirt, Mike!
 
2013-08-22 10:14:11 AM  

Gonz: misanthropologist: Hokey pokey, it's like Occupy Fark in here!

Let's see: The Dow's at 14,900. A company with over $42,000,000,000 in revenues last year and a current market cap of $114,936,085,637 is claiming it needs to quit employing as many people in order to stay competitive.

Yeah, I think we're OK to call "bullshiat" when we see it.


Well, political influence doesn't pay for itself. The top earners all have to budget for the 2014 election.
 
2013-08-22 10:14:33 AM  

bdub77: They don't have to listen to you, because they have f*ck you money and you don't.


Yeah, I think I'll cancel those plans to go to Disney World now, then, and the plans to get Disney Halloween costumes, or to buy their movies.  They don't need me.
 
2013-08-22 10:15:33 AM  

bdub77: And so the rounds of layoffs at big corporations begin again.


Well someone should punish them! Didnt we vote for someone who said he would do just that?
 
2013-08-22 10:15:47 AM  

skinink: Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.


Brick-House: Obamacare strikes again.


Pretty much this. Companies are cutting people because of

bdub77: ...you cut costs to gain as much profit margin as possible. .... It's about earnings per share ....

That. The ACA increases costs on companies and companies are finding ways to tread water instead of just eating the cost increase. Some are going to part-time only for their labor. Some are going to a permanent temp staffing for their crappier positions. Some are just laying off $X worth of labor. This is all so that their Operating Expense hits a magic number that was decided years ago as part of their reporting and accounting processes.
 
2013-08-22 10:16:37 AM  

theMightyRegeya: bdub77: They don't have to listen to you, because they have f*ck you money and you don't.

Yeah, I think I'll cancel those plans to go to Disney World now, then, and the plans to get Disney Halloween costumes, or to buy their movies.  They don't need me.


This really is the right answer.  The only thing the masses have left to vote with is their wallets.  Stop buying the crap and using the services of the companies screwing you over.  It may not feel like much, but if enough of us do it, they WILL feel it.
 
2013-08-22 10:17:14 AM  

theMightyRegeya: bdub77: They don't have to listen to you, because they have f*ck you money and you don't.

Yeah, I think I'll cancel those plans to go to Disney World now, then, and the plans to get Disney Halloween costumes, or to buy their movies.  They don't need me.


At least that's a start.
 
2013-08-22 10:17:17 AM  
Tax Cuts! Subsidies! We need to shovel more Social Security money to the Billionaires so they keep creating jobs!


For Lobbyists.
 
2013-08-22 10:17:37 AM  

Onkel Buck: bdub77: And so the rounds of layoffs at big corporations begin again.

Well someone should punish them! Didnt we vote for someone who said he would do just that?


cache.ohinternet.com
 
2013-08-22 10:20:57 AM  
Hold on, I feel that wealth trickling down right now.

/It's supposed to be yellow, right?
 
2013-08-22 10:21:43 AM  

Arsten: skinink: Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.

Brick-House: Obamacare strikes again.

Pretty much this. Companies are cutting people because of

bdub77: ...you cut costs to gain as much profit margin as possible. .... It's about earnings per share ....

That. The ACA increases costs on companies and companies are finding ways to tread water instead of just eating the cost increase. Some are going to part-time only for their labor. Some are going to a permanent temp staffing for their crappier positions. Some are just laying off $X worth of labor. This is all so that their Operating Expense hits a magic number that was decided years ago as part of their reporting and accounting processes.


For Disney? Unlikely. They probably already provide healthcare through insurance. The ACA doesn't affect people as bad as people are making it out. Large companies with existing healthcare like Disney won't be impacted much except for insurance costs.

Companies that treat their employees terribly (Disney probably isn't one on the whole, other than the regular restructuring thing) will probably be impacted in some way but they will probably find ways around it - see Walmart, fast food joints, Darden. (Oh and you don't have any responsibility to pay these companies for things either - that's how capitalism works.)
 
2013-08-22 10:23:15 AM  
Can't wait until disney has started doing to local news what clear channel has done to local radio.

\Then again would anything of value really be lost?
 
2013-08-22 10:23:49 AM  

AngryDragon: theMightyRegeya: bdub77: They don't have to listen to you, because they have f*ck you money and you don't.

Yeah, I think I'll cancel those plans to go to Disney World now, then, and the plans to get Disney Halloween costumes, or to buy their movies.  They don't need me.

This really is the right answer.  The only thing the masses have left to vote with is their wallets.  Stop buying the crap and using the services of the companies screwing you over.  It may not feel like much, but if enough of us do it, they WILL feel it.


Yeah I gotta agree with this - you make choices every day. If you hate a company yet you consistently pay them - you're doing it wrong. And plenty of us are hypocrites, including myself. It's about doing the best you can to take personal responsibility for your actions.
 
2013-08-22 10:23:59 AM  
This is not news tv production has become so automated that one person can do what it took 7 people to do just a few years ago

/ got replaced by a robot camera 2 weeks before x-miss in 2008 so not getting a kick
 
2013-08-22 10:24:13 AM  

AngryDragon: Onkel Buck: bdub77: And so the rounds of layoffs at big corporations begin again.

Well someone should punish them! Didnt we vote for someone who said he would do just that?

[cache.ohinternet.com image 562x437]


C'mon now, the poor and the enabled believed it wholeheartedly.
 
2013-08-22 10:25:46 AM  

Onkel Buck: AngryDragon: Onkel Buck: bdub77: And so the rounds of layoffs at big corporations begin again.

Well someone should punish them! Didnt we vote for someone who said he would do just that?

[cache.ohinternet.com image 562x437]

C'mon now, the poor and the enabled believed it wholeheartedly.


You simply give them two 'options': evil corporatists or corporatists
 
2013-08-22 10:29:05 AM  

skinink: Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.


Partially confirmation bias, partially under-the-radar.

Layoffs happen all at once; hiring happens one person at a time.
 
2013-08-22 10:29:25 AM  

RockofAges: AngryDragon: RockofAges: misanthropologist: Hokey pokey, it's like Occupy Fark in here!

"Job creators" is a joke. Demand creates jobs. Not arbitrary or artificial supply.

Please do tell us more about what is wrong about what the farkistanis are saying ITT.

Record earnings, profits, and revenues seems to be a pretty good indicator of increased demand to me.  Just saying.

Right, but that doesn't invalidate anything I've said. Increased demand should mean increased hiring, not reduced staffing. Further, the increase in demand is what creates the additional revenue, not the other way around.

The fact that people forget that economics is far less a "chicken / egg" situation and far more a "people spending money in a certain direction should cause economic growth via "sharing" (ie. employment) of the demand revenue". 

Or, they just decide to keep more of the demand revenue for themselves, cutting hiring until they realize their business cycle is shortened due to lack of foresight / short term capitalization.


I think we're agreeing.  Aren't we?
 
2013-08-22 10:32:22 AM  

misanthropologist: RockofAges: misanthropologist: Hokey pokey, it's like Occupy Fark in here!

"Job creators" is a joke. Demand creates jobs. Not arbitrary or artificial supply.

Please do tell us more about what is wrong about what the farkistanis are saying ITT.

Too serious, dude. Way too serious.


Well, they are rich people and therefore are by nature very demanding. So they do create demand.
 
2013-08-22 10:34:21 AM  
Best looking / hardest working?
You mean Dr George is back doing the weather ????
 
2013-08-22 10:35:58 AM  
Got to pay for ObamaCare.  It's happening all over the country.  Demand creates jobs.  Expenses kills them
 
2013-08-22 10:36:12 AM  

Nana's Vibrator: Yet for some reason, their broadcasts will have a 12 minute weather segment where I angrily clutch the sofa because I just want to know tomorrow's weather and the past 11 minutes were spent telling me what already happened today.  Solar Flares!  Goddammit, if you're going to make me watch this crap for 12 minutes, at least put on a shorter skirt, Mike!


Which is useless on so many levels.  For being 12 minutes.  And for being a condensed version of something you can see online in 15 seconds... or may well be on the lock screen on your smartphone and you see 35 times per day.  If you're going to waste time on it, bring on the Univision gratuitous gals.
 
2013-08-22 10:37:54 AM  

FrancoFile: skinink: Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.

Partially confirmation bias, partially under-the-radar.

Layoffs happen all at once; hiring happens one person at a time.


So I just imagined this one person was laid off, and it wasn't really a layoff. Gotcha.
 
2013-08-22 10:38:06 AM  

bdub77: For Disney? Unlikely. They probably already provide healthcare through insurance. The ACA doesn't affect people as bad as people are making it out. Large companies with existing healthcare like Disney won't be impacted much except for insurance costs.

Companies that treat their employees terribly (Disney probably isn't one on the whole, other than the regular restructuring thing) will probably be impacted in some way but they will probably find ways around it - see Walmart, fast food joints, Darden. (Oh and you don't have any responsibility to pay these companies for things either - that's how capitalism works.)


I disagree only because I've seen how accounting departments stick hard lines into everything they can. As a simple example, if you are allowed a budget of $100 for labor and benefits, and your L&Bs go to $105, they generally require you to cut that $5 some how some way. If you are in a segment of the business that is actively growing (or a protected labor pool, such as a favorite department of the CEO or an executive) you can usually get a pass, but if you are simply a money-maker that's not growing, there's no reason that this year you can't get more efficient.

Because of that, I can totally see how these minor re-shufflings inside the massive corporations like Disney being a part of that process. I didn't mean to imply that companies growing by billions in revenue and cutting 15,000 of their staff are somehow ACA-related, but these kind of piece-meal and small layoffs I can totally expect stemming from ACA from massive, large, and medium sized companies. Smaller companies tend to look at their staff as a commodity and not an expense, so I expect less of an issue in that segment.
 
2013-08-22 10:39:09 AM  
Disney reportedly has spent $2b on this rfid shiat at Disney world that, besides making paranoid people outraged, is rolling out so far as a massive fail. Unrelated to these layoffs, although I wonder what effect this will have on them as a company.

/ESPN is a cash cow
 
2013-08-22 10:47:55 AM  

skinink: FrancoFile: skinink: Can't understand why I keep seeing reports that the economy is gradually improving, while at the same time I see so many stories about companies laying off. My company just laid off someone who had been with the company for over 17 years. Great person and an excellent worker. Just let him go to reduce headcount.

Partially confirmation bias, partially under-the-radar.

Layoffs happen all at once; hiring happens one person at a time.

So I just imagined this one person was laid off, and it wasn't really a layoff. Gotcha.


Sorry, I'm not talking about that one particular person you know.

I'm talking about the "I see news reports" part of your statement.
 
2013-08-22 10:47:58 AM  

bdub77: They don't have to listen to you, because they have f*ck you money and you don't.


We're going to be in trouble when the American peasant realizes he doesn't need any money to say "fark you." If he wasn't such an unlikely combination of stupidity and docility, we might already be a nightmare like Canada.
 
2013-08-22 10:49:01 AM  

Lawnchair: Nana's Vibrator: Yet for some reason, their broadcasts will have a 12 minute weather segment where I angrily clutch the sofa because I just want to know tomorrow's weather and the past 11 minutes were spent telling me what already happened today.  Solar Flares!  Goddammit, if you're going to make me watch this crap for 12 minutes, at least put on a shorter skirt, Mike!

Which is useless on so many levels.  For being 12 minutes.  And for being a condensed version of something you can see online in 15 seconds... or may well be on the lock screen on your smartphone and you see 35 times per day.  If you're going to waste time on it, bring on the Univision gratuitous gals.


Exactly!  Jackie Guerrido is the only reason I learned how to tolerate long weathercasts.  And the entire Spanish language.
 
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