The Mouse has now (pending guvmint approval) swallowed 21st Century Fox and Rupert Murdoch family is now Disney's second largest shareholder. And reality collides with happy talk!
... The division of assets is posing two big questions for rank-and-file employees: how many of those in the units purchased by Disney will be laid off as part of the “at least $2 billion of cost savings” the mouse house boasted about today ...
Short-term, there will be no effect on employment, and New Fox will even need more bodies, the executives reportedly stressed, but, if the Disney-Fox transaction goes through, there will be overlaps and layoffs there, they admitted. ...
They admitted to downsizing. So give them that.
You strip away the flapdoodle, and what happen is: Rupert's surviving "New Fox" (profitable Fox News, the struggling newspapers, a couple dozen old-fashioned teevee stations, and the sports cable networks) will need some limited new staffing until Rupe figures out how to cut things closer to the bone, and ...
The Walt Disney Company will do the Comcast thing, figuring out how to eliminate duplicate staffing, deciding (for example) if Blue Sky Studios in Connecticut will continue. ("Guys? We need this facility on the east coast? What with three other feature studios on the west coast?"
As we know, big corporate mergers always work out well for everybody, particularly employees caught in the middle of the latest Owners' Enrichment Project.
No comments:
Post a Comment