Disney to cut quarter of jobs from global development group

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Disney to cut quarter of jobs from global development groupThis article come to us from Jason Garcia at the Orlando Sentinel.

The Walt Disney Co.‘s theme-park division is eliminating almost a quarter of the jobs within its global business-development group, the unit charged within identifying future growth opportunities for Disney’s $11 billion-a-year parks business.

Walt Disney Parks and Resorts will cut 14 jobs — including 11 in Orlando — from the roughly 65-person global development team.

Disney said the move is designed to eliminate some of the overlap created nearly two years ago when it merged business development with real-estate development as part of broader corporate restructuring. More than half of the jobs will be culled from the real-estate group, whose Disney World projects include Golden Oak, a luxury-home subdivision being built near the Magic Kingdom, and Flamingo Crossings, a long-stalled retail-and-lodging district aimed at budget travelers.

“This will enable us to better align our approach to business development across the segment, eliminate duplication of efforts, and streamline our decision-making,” Disney World spokeswoman Andrea Finger said Thursday.

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Disney to cut quarter of jobs from global development group

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