Disneyland Suits Offered Buyouts

Things are tough all over--even the Happiest Place on Earth.

Walt Disney Parks and Resorts is offering buyouts to 600 executives in its theme parks in Anaheim and Florida and the Walt Disney Co. in Burbank, reports the Business Journal's Orlando and Los Angeles outlets.

More than half of the buyouts are being offered to the suits in Florida. All are decision makers; buyout offers have not been extended to managers.

Those getting the offers have until Feb. 6 to decide. After that, layoffs are possible. This is the first of many planned cost-cutting measures, Disney spokeswoman Leslie Goodman says in a written statement that includes no details on what else is in store at the Big D.

In other Disneyland news, a Syracuse, New York, columnist says the Anaheim park needs to work on customer service. In other Disney financial news, it's full steam ahead for a new park in Shanghai.