Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 4,379
The ultimate aim of the capitalist, especially the billionares, is to own everything and everybody else nothing...
as usual, the guy at the top gets the cream and the real wealth creators get the shaft
"...Last week, Walt Disney Company’s new CEO Josh D’Amaro announced in a memo what Forbes magazine described as “massive layoffs.” The giant conglomerate, D’Amaro reported, would lay off over 1,000 workers, to “streamline operations.” These include jobs in studios, television networks and sports. Particularly hard hit will be workers in the Marvel Studios Visual Development department. These include a wide variety of specialists responsible for the look of Marvel’s various film and television productions.
Unlike artists hired for a single film, these long-term illustrators, character designers and environment specialists were a part of a single, unified endeavor of “world-building” years before film production commenced. They translated, for example, comic book costumes into cinematic form. By shifting this in-house team to a project-based freelance model, the studio loses over a decade of knowledge from the creative workers who ensured that hundreds of disparate characters and places felt like part of a single cohesive unit.
Disney has kept a skeleton crew in place at Marvel to coordinate hiring on a project-by-project basis.
Disney is also making cuts at Hulu and FX where support staff in administrative and “content-adjacent” roles are being trimmed as these brands are folded into other departments. Various administrative, finance and legal roles across Disney’s Burbank and New York locations are being reduced to cut overhead. Staff and technicians at ESPN will be laid off and members of several separate marketing teams in film, television, streaming and Disney’s parks operations will lose their jobs as the corporation consolidates them into a single organization.
Big investors were enthusiastic about the job destruction. Business Insider reported that “Disney shares rose 1.6% on Tuesday as the S&P 500 climbed 1.1%, and the stock gained steam after news of the layoffs broke.”
The level of inequality that the stock market helps to produce was not lost on hundreds of thousands of readers on social medial. One comment that went viral on Reddit after the layoffs were announced said, “They pay the CEO $45M to play golf and fire the people who actually draw the movies. If the CEO took even a 10% pay cut, half these jobs could be saved tomorrow.”
Hello! magazine notes that D’Amaro, as Disney CEO,
On April 7, Sony Pictures Entertainment made public plans to eliminate “a few hundred” of its workers in film, television and corporate divisions globally. CEO Ravi Ahuja has characterized these cuts as a “strategic pivot” to align the company with specific high-growth sectors.
comrade stalin
moscow
as usual, the guy at the top gets the cream and the real wealth creators get the shaft
"...Last week, Walt Disney Company’s new CEO Josh D’Amaro announced in a memo what Forbes magazine described as “massive layoffs.” The giant conglomerate, D’Amaro reported, would lay off over 1,000 workers, to “streamline operations.” These include jobs in studios, television networks and sports. Particularly hard hit will be workers in the Marvel Studios Visual Development department. These include a wide variety of specialists responsible for the look of Marvel’s various film and television productions.
Unlike artists hired for a single film, these long-term illustrators, character designers and environment specialists were a part of a single, unified endeavor of “world-building” years before film production commenced. They translated, for example, comic book costumes into cinematic form. By shifting this in-house team to a project-based freelance model, the studio loses over a decade of knowledge from the creative workers who ensured that hundreds of disparate characters and places felt like part of a single cohesive unit.
Disney has kept a skeleton crew in place at Marvel to coordinate hiring on a project-by-project basis.
Disney is also making cuts at Hulu and FX where support staff in administrative and “content-adjacent” roles are being trimmed as these brands are folded into other departments. Various administrative, finance and legal roles across Disney’s Burbank and New York locations are being reduced to cut overhead. Staff and technicians at ESPN will be laid off and members of several separate marketing teams in film, television, streaming and Disney’s parks operations will lose their jobs as the corporation consolidates them into a single organization.
Big investors were enthusiastic about the job destruction. Business Insider reported that “Disney shares rose 1.6% on Tuesday as the S&P 500 climbed 1.1%, and the stock gained steam after news of the layoffs broke.”
The level of inequality that the stock market helps to produce was not lost on hundreds of thousands of readers on social medial. One comment that went viral on Reddit after the layoffs were announced said, “They pay the CEO $45M to play golf and fire the people who actually draw the movies. If the CEO took even a 10% pay cut, half these jobs could be saved tomorrow.”
Hello! magazine notes that D’Amaro, as Disney CEO,
On April 7, Sony Pictures Entertainment made public plans to eliminate “a few hundred” of its workers in film, television and corporate divisions globally. CEO Ravi Ahuja has characterized these cuts as a “strategic pivot” to align the company with specific high-growth sectors.
Disney carries out “massive layoffs,” while Sony, SnapChat, Artnet do their own job slashing
April so far has seen a wave of layoffs at Disney, Sony Pictures, at arts web platforms and in social media.
www.wsws.org
comrade stalin
moscow
