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Thanks @Phil

It’s a :poop: business right now.

Kind of like what The Mad Hedge Fund guy said in his free webcast (@101):

Why would Apple want to buy theme parks and cruises?

Also:

I was wrong about this:

Guessing he cares deeply about the company, back in the saddle.

From the article:

The next day, March 13, was their last in the office. In early April, Mr. Chapek sent a bleak internal email announcing a wave of furloughs. He pushed immediate cuts and freezes on everything from development budgets to contractors’ pay.

The company employed 223,000 as of last summer, and won’t say how many workers are furloughed, but the numbers are huge. It includes more than 30,000 workers in the California resort business alone, according to the president of Workers United Local 50 that represents some of those workers, Chris Duarte. Another 43,000 workers in Florida will be furloughed, the company confirmed on Sunday. All the workers will keep their benefits, but their last paychecks come April 19.

The mood at Disney is “dire,” said a person who has done projects with the company. “They’re covering the mirrors and ripping clothes.”

Source -

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