{"id":1840301,"date":"2023-02-08T17:35:18","date_gmt":"2023-02-08T22:35:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1840301"},"modified":"2023-02-08T17:35:41","modified_gmt":"2023-02-08T22:35:41","slug":"disney-to-cut-thousands-of-jobs-to-save-money-as-desantis-set-to-take-control-of-companys-orlando-district-under-new-bill-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-to-cut-thousands-of-jobs-to-save-money-as-desantis-set-to-take-control-of-companys-orlando-district-under-new-bill-report\/","title":{"rendered":"Disney To Cut Thousands Of Jobs To Save Money As DeSantis Set To Take Control Of Company\u2019s Orlando District Under New Bill: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">46<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-to-cut-thousands-of-jobs-to-save-money-as-desantis-set-to-take-control-of-companys-orlando-district-under-new-bill-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1840301&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p><a href=\"https:\/\/www.dailywire.com\/topic\/disney\" target=\"_blank\" rel=\"noopener\">Disney<\/a> Bob Iger, the CEO, has reportedly decided to reduce the number of employees by thousands in an effort to save money.<\/p>\n<p>Variety <a href=\"https:\/\/variety.com\/2023\/biz\/news\/disney-layoffs-cost-savings-1235517203\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> that Iger said on the company\u2019s earnings call for the final quarter of fiscal-year 2022 that the company will reduce its workforce by 7,000 employees.<\/p>\n<p>The cut represents 3.2% of the company\u2019s 220,000 global workforce, the report said.<\/p>\n<p>The company hopes that it will save more than $5Billion in costs. Half of this savings is for cutting down on \u201cnon-content costs,\u201d The report stated that. The company is also planning to reduce its spending on sports by around $3 billion.<\/p>\n<p>\u201cI have enormous respect and appreciation for the dedication of our employees worldwide,\u201d Iger stated.<\/p>\n<p>The report said that Iger laid out a new company structure for Disney\u00a0comprised of three separate segments: Disney Entertainment, ESPN, and Disney Parks.<\/p>\n<p>This announcement is made after the newly <a href=\"https:\/\/www.dailywire.com\/news\/desantis-to-take-control-of-disneys-orlando-district-under-new-legislation?utm_source=partner&#038;utm_campaign=conservnewsd\" target=\"_blank\" rel=\"noopener\">Released<\/a> legislation by Florida Republicans this week will allow Governor Ron DeSantis to appoint all five leaders of Disney\u2019s tax district in Orlando and will officially rename the district.<\/p>\n<p>The bill will turn the Reedy Creek Improvement District into the Central Florida Tourism Oversight District and will deliver on DeSantis\u2019 promise last year to take over the district.<\/p>\n<p>DeSantis\u2019 office said that the special tax district, which has allowed Disney to govern themselves since 1967, turned the theme park into \u201can unaccountable Corporate Kingdom.\u201d<\/p>\n<p>\u201cFlorida is dissolving the Corporate Kingdom and beginning a new era of accountability and transparency,\u201d DeSantis\u2019 office said. \u201cThese actions ensure a state-controlled district accountable to the people instead of a corporate-controlled kingdom.\u201d<\/p>\n<p>DeSantis\u2019 office said that the legislation:<\/p>\n<p>Permanently eliminates Disney\u2019s self-governing status.Imposes a state-controlled, term-limited board \u2014 with members appointed by the governor \u2014 on Disney and its property.Allows the state to impose taxes on Disney for possible road projects outside of the District\u2019s boundaries.Ensures that Disney pays the $700+ million in unsecured debt \u2014 not Florida taxpayers.Provides no control of the district to the leftist local government in Orange County, which threatened to leverage the situation to raise local taxes.Imposes Florida law so that Disney is no longer given preferential treatment.Prevents Disney from gaining more land by eminent domain.Creates an avenue to compel Disney to contribute to local infrastructure.<\/p>\n<p>DeSantis\u2019 office also <a href=\"https:\/\/www.wptv.com\/news\/state\/disney-bill-arrives-as-florida-lawmakers-gavel-in-for-7th-special-session-in-1-5-years\" target=\"_blank\" rel=\"noopener\">Released<\/a> Below is a list that includes some of the powers Disney used to have when they were governing themselves.<\/p>\n<p>Full self-governing status with a Disney-selected board.The ability to build airports and nuclear facilities.Acquisition of property beyond the District\u2019s territory by condemnation and eminent domain.Unilateral boundary changes.No-bid procurements of construction contracts.Operating standards that varied from Florida Statute.Exemptions from regulatory reviews and approvals that other companies must navigate.<\/p>\n<p>In a statement, Jeff Vahle, President of Walt Disney World Resort, stated that they were closely monitoring the legislation.<\/p>\n<p>\u201cWe are monitoring the progression of the draft legislation, which is complex given the long history of the Reedy Creek Improvement District,\u201d He <a href=\"https:\/\/www.wdwinfo.com\/news-stories\/president-of-walt-disney-world-issues-response-to-proposed-changes-at-reedy-creek\/\" target=\"_blank\" rel=\"noopener\"><\/a>. \u201cDisney works under a number of different models and jurisdictions around the world, and regardless of the outcome, we remain committed to providing the highest quality experience for the millions of guests who visit each year.\u201d<\/p>\n<p><em>Disclosure: The Daily Wire <a href=\"https:\/\/www.dailywire.com\/videos\/introducing-dw-kids\" target=\"_blank\" rel=\"noopener\">Announced plans<\/a> For children entertainment content<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disney CEO Bob Iger is reportedly set to cut thousands of people from the company in an attempt to save money. Variety reported that Iger said on the company\u2019s earnings call for the final quarter of fiscal-year 2022 that the company will reduce its workforce by 7,000 employees. The cut represents 3.2% of the company\u2019s &#8230;<\/p>\n","protected":false},"author":102,"featured_media":1840304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[3895,8184,4154,9677,4980,6344,4810,4330,4755,10321,3819,10011,8273,4286],"class_list":["post-1840301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-bill","tag-companys","tag-control","tag-cut","tag-desantis","tag-disney","tag-district","tag-jobs","tag-money","tag-orlando","tag-report","tag-save","tag-set","tag-thousands"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1840301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1840301"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1840301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1840304"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1840301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1840301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1840301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}