Disney Does Some Pruning

Disney announced today that it would be offering severance packages to some of its executives in order to reduce costs and maximize efficiency during these tough economic times. The fact that Disney is taking steps to improve their margins is far from suprising, what is suprising is the extent of the offers.

The Walt Disney Co. is Offering a voluntary-separation plan to the nearly 600 executives in its Parks and Resorts division.

Disney did not reveal any details about the plan, including what it was offering to the executives who take the severance.

During a recession it's always unfortunate to see layoffs and cutbacks. Fortunately, it seems Disney has taken the mature route and done the trimming at the top of the tree rather than the bottom. They've also made the "voluntary-separation plans" available while it was still possible to do so. So kudos to Disney for its quality management. As for what they're teaching our children about body image, race and sexuality... well, that's another conversation.

It's not clear yet what impact these cutbacks will have at the Disney parks and resorts themselves, but expect room rates, ticket prices, and family vacation packages to drop drastically long before any of your favorite parks or hotels are closed. If you've wanted to take your family on a Walt Disney Park trip, the coming months will be an ideal time.