Steven Strom’s Post

Consumer spending drives two-thirds of the U.S. economy, impacting businesses significantly. When consumers reduce spending, businesses may cut costs, leading to potential layoffs. According to the University of Michigan's Surveys of Consumers, current consumer sentiment remains cautious due to high prices, especially affecting lower-income individuals. Joanne Hsu, the surveys' director, highlighted these concerns following the July report. #ConsumerSpending #Economy #BusinessImpact #ConsumerSentiment #UniversityOfMichigan #SurveysOfConsumers

✨ Consistency Pays Off!✨ 👉Colonel Sanders was rejected 1,009 times before KFC became a reality! 🍗 👉Howard Schultz heard 242 ‘no’s from banks before Starbucks brewed up success! ☕️ 👉J.K. Rowling faced countless rejections, but she didn’t stop—and Harry Potter was born! 📚 👉Walt Disney had his theme park concept trashed 302 times before Disneyland opened its gates! 🎢 👉Jeff Bezos started with a failed online auction site called 'zShops'—now we have Amazon! 📦 But here's the catch: Staying consistent at a job that makes your boss rich? 🚫 That’s not the best path to financial freedom! Moral of the Story: Work hard, but work smart! ✨ Pursue your own dreams and stay persistent—but make sure you’re heading in the right direction! 🛤️ 💡 What if you could keep your job and start an online business on the side? Think about it for a second... Would you let that opportunity slip away? 🤔 Let me know in the comments! 👇 #constitency #hardwork #mindset #businesswoman #opportunity #financialfreedom #rightdirection #wfg #education #motivation #discipline

Well good - I would hope they learned a lesson ... but I doubt it! - Disney shares dropped more than 2 percent Tuesday following the downgrade by Raymond James analysts who wrote that Disney’s “parks are under pressure,” with a “questionable consumer outlook” as demand slows. - Households hammered by record-high consumer prices under the Kamala Harris and Joe Biden administration are cutting back on non-essential spending, like pricey vacations. Many companies have learned the lesson regarding political involvement, DEI and woke policies. Unfortunately, the federal government and many state governments have not learned and are doubling down with mandatory DEI training! This is a policy choice. You have to vote and vote early! Vote policies, not party ... or hate, or division, or conspiracy theories.

Disney has recently announced the layoff of approximately 300 corporate-level employees across various departments, as part of ongoing efforts to streamline operations. The cuts have impacted divisions such as Disney television, with 140 job losses reported, including positions at National Geographic. This latest wave of layoffs comes as the company continues to evaluate cost-saving measures and restructure its workforce. This move follows a previous significant round of layoffs in 2023, where Disney eliminated around 7,000 jobs, representing about 3.2% of its total global workforce. The current layoffs are part of the company's strategy to adapt to changing market conditions and focus on efficiency. As Disney navigates the challenges posed by the evolving entertainment landscape, it remains committed to ensuring its long-term sustainability and success. https://lnkd.in/gG_Hn-Ci

Disney's recent wave of layoffs lacks any sense of magic 🪄 These cuts impact roughly 300 U.S-based corporate employees across departments like legal, HR, and finance. Notably, Disney theme parks, ESPN, and Disney Entertainment remain untouched. Here’s the kicker: layoffs are just the next act in Disney’s ongoing "optimization" to cut costs and focus more on creative projects. 🟠 **Corporate-Level Bloodbath** 🟠 **Departments gutted: Legal, HR, finance, communications** 🟠 **Theme parks, ESPN? Untouched** Let's not forget, Disney’s CEO, Bob Iger, already warned about this strategic knife play in Q3 2023. The goal? Fewer film titles with reduced costs per film. Just to add some spice, Disney's layoffs echo similar bloodletting over at Paramount Global, which axed 15% of its U.S workforce right around the same time. 🟠 **Deja Vu: Recent layoffs in Disney Entertainment TV with ABC and Hulu's unscripted teams merging** 🟠 **140 employees were out, National Geographic had a 13% staff cut** Is Disney losing its magic touch? Or is this corporate pruning the necessary evil for innovation? Let’s hear what you think 💬 #Disney #Layoffs #Corporate #BusinessStrategy #Innovation #Entertainment 🤔

#Repost #Selfmotivation #Nevergiveup WE all feel Like QUITTING somedays! Walt Disney, Steve Jobs and Oprah Winfrey admitted to failures that could have reduced them to giving up on their dreams, but they kept going. * Steve Jobs was fired from Apple before returning and turning it into the tech giant it is today. * Oprah Winfrey was deemed “unfit for TV” before becoming a media mogul. * Walt Disney was fired from a newspaper for “lacking creativity”. The common denominator? Resilience. 💪 Here are a few ways you can build resilience in your own life: 1. Embrace Failure: See failure not as an end, but as a stepping stone to success. 2. Practice Optimism: Maintain a positive outlook and believe in your ability to succeed. 3. Set Realistic Goals: Break down your big dreams into manageable, achievable steps. 4. Build a Strong Support Network: Surround yourself with people who uplift and motivate you. So, are you ready to fail your way to success? #Repost

What do pawn shops and Disney have in common? 🤔...🤷...🙋 That's right, nothing! But that is the point! One strategy for reducing risk in your business is to engage in multiple types of business that do not behave in a similar fashion, that is UNcorrelated. Different business lines or revenue streams not subject to the same risk or business cycle can help reduce the risk of your business. Different 👉companies 👉clients/customers 👉salespeople 👉sales channels 👉industries 👉services. What is the best type of diversification? Businesses that behave in OPPOSITE ways. Something that will do well in an 👉 📈 along with something that thrives on 📉 👉🔫🛡 (war) with something that thrives in ✌🏻💚 (peace). Disney will do phenomenally in a good economy and pawn shops will do well in a bad economy. Is your business properly diversified?👇👇👇 #business #strategy #diversify #risk

The Walt Disney Company on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates, as its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading following the results. The media and experiences giant reported Q4 adjusted earnings of $1.14 per share, above the $1.10 expected by analysts polled by Bloomberg. It was also higher than the $0.82 Disney reported in the prior-year period. Revenue came in at $22.57 billion, outstripping consensus expectations for $22.47 billion as well as the $21.24 billion reported in the year-ago period. More, from Alexandra Canal: https://lnkd.in/eShsGnkw #yahoofinance #finance #earnings #business #entertainment #markets #wallstreet #stocks #investing #money

I keep score at almost every Chicago Cubs game I attend. As I'm filing away more scorecards for the winter, after another season of missing the playoffs...boo...I am reminded what the Co-Founder of Netflix, Reed Hastings, said about having employees. He said that Netflix models its workplace after a professional sports team, not a family. Hastings has explained that Netflix's approach is based on the idea that a winning sports team needs great talent in every position, and that employees should be hired, developed, and cut to ensure that each position has a star. ➡ In light of this, you must keep HR relevant and effective by maintaining communication between company leadership and HR professionals about the company's needs and goals. This helps HR to better support company strategy by: ✅ Revisiting and updating policies, programs and processes. ✅ Redirecting employees’ efforts, responsibilities and development. ✅ Generating innovative solutions that address actual challenges. ✅ Focusing analytics and planning activities. Let's go Chicago Blackhawks! #HR #HRServices #HROutsourcing #HRThatMakesAnImpact

This is 100 %. Life Happens And Life Never As Per Your Own Wish. It either happens better than your expectations or lower but never equally. For most of the people, Life happens lower than what they expect. They have to work hard to get what they want. The solution : Continuous Hardword + Reflection on your mistakes. Without reflection you can’t identify your mistake and cannot climb up the ladder.