Disney shutting down our studio, loosing my Job

DallanC · Site Admin Joined: Jan 18, 2005 Posts: 3572 Location: Utah

Well, we had a good run for 9 years... too much overtime at times but its all come to an abrupt end as yesterday they announced Disney is going to cancel our franchise and close the studio. 300 people left out of work. We will still get paid for 60 days as we wind things down and transition out, so that's a plus.

I hate the thought of starting over at a new company but I don't have much choice in the matter. Shouldn't affect the website at all. Kindof depressed about it today, primarily all the friends and co-workers that are about to scatter to the winds.

This industry is fairly turbulent, much like a mythical phoenix. One company dies in a fiery blaze and new studios form from the ashes. Maybe something new will form up. Really loathe the thought of having to move out of state Sad

-DallanC

Bushmaster

Ouch...

According to obami the economy is picking up in leaps and bounds. You should have a new job by monday.

Sorry...I just couldn't help myself.

Know the feeling. Been there. Done that.

Dawgdad

Like the Pharma business, eat or be eaten... Good luck.

gelandangan

Thats sucks!
Is there anyway to pickup similar business elsewhere?

Gil Martin

I hate it when that happens. Three times I was outplaced during my working career and corporate America does not hesitate to pull the trigger. Hang in there. All the best...
Gil

Elvis

I feel for you Mate...I too have been there and done that. get stuck in now and find something before the other guys get organized and start looking,there will be a few quick off the mark who get whats going.

slimjim

Dallan, sorry to hear that. Yep, the O Administration says the economy is doing great with ample job creation but all I see are layoffs. The major aerospace companies, Boeing, Lockheed, Northrup, are downsizing and laying off with a focus to reduce senior engineers. Keep us posted.

PaulS

Any chance of some of the guys getting together to start a new company?
If you are working for yourself only your customers can lay you off.

Vince

Gee Dallan, I'm really sorry to hear that mate. The talk in many countries is of 'recovering economies', so hopefully things will go well with you mate. Nothing worse than trying to support a family whilst wondering where the next wages cheque is coming from.

Paul has raised an interesting idea. Only downside I see to that is the setup costs and the massive workload required to establish.

Another option might be to have a look at who is taking over the job you guys did, and consider contracting to them or looking at becoming a consultant for them.

Keep your chin up mate...your skills are much sought after, especially with the experience you have. Something will pop up, often when you least expect it.

DallanC · Site Admin Joined: Jan 18, 2005 Posts: 3572 Location: Utah

Looks like Disney is spending over 200 million to shut us down, taking it as a loss. Thats not a typo... two hundred million. They are writing off unsold inventory, currently spent development costs, building leases (our new building is 1 year old) and all the severance packages. Good lord what a waste of money.

-DallanC

Elvis

some one gets paid that money bud.....someone will be smiling all the way to the bank.

slimjim

Disney probably would have been able to sell the company for a net gain but then would have to face the competition.

Suzanne

Sorry Dallan!!
What the heck do you do for Dizzzyknees anyway? Be glad to help you look for a new job (if I knew what it was).

Suz

DallanC · Site Admin Joined: Jan 18, 2005 Posts: 3572 Location: Utah

I was on the Disney Infinity video game franchise as of late.

infinity.disney.com/

-DallanC

Suzanne

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ok tht's hype

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There are several companies around Or. but I don't know the business and frankly they are so specialized I don't know what the heck I'm doin....but if I can help, I'd love to

Suz