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Old 02-19-2009   #6 (permalink)
brumcg
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Join Date: Feb 2002
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Re: Disney plans resorts reorganization, layoffs

Quote:
Originally Posted by lovemysons View Post
Sometimes I feel like these huge corporations are using the "bad economy" as the excuse to behave badly and just cut people off their payrolls. I am really getting depressed about all of this. When will it stop??
IMO, here's the issue with so many of these layoffs across the country:

Quote:
The announcement comes the same month Disney revealed that its first quarter profits fell 32 percent. Operating profit in the parks-and-resorts division fell 24 percent during the three-month period, which ended Dec. 27.
Note that they are talking about profits. People are losing their jobs because the corporation isn't making enough money, and Wall St. demands action when that happens.

Sorry... I need to go back to my happy place now.

Bruce
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