1. Disney Affected by Softening Economy
As of March 28, Walt Disney Co. announced plans to lay off 3% of it's global workforce in response to the nations weakening economy that has already hurt advertising sales and could reach into tourism. ... "Tuesday's news at Disney was delivered to employees just after 1 p.m. in an e-mail addressed "Dear Fellow Cast Members" that was signed by Chairman Michael D. ... Disney's decision, affecting more that 3% of the companies 120,000 employees, followed several meetings over the last two weeks involving top decision makers. The cuts are expected through out the entire Walt Disn...
- Word Count: 330
- Approx Pages: 1
- Grade Level: Undergraduate