There are some important changes for the Walt Disney Company. In early 2021, we learned that Disney acquired a large amount of land on Lake Nona as part of a new expansion to bring more California employees to central Florida. As the year progressed, more details would emerge about this new campus, including how many employees would now call Lake Nona home and from which departments.
New offices may not seem like big business, but this move could indicate some drastic changes for Disney.
Let’s talk about why you need to see Disney’s move to Lake Nona, Florida!
Disney’s big move to Lake Nona marks a major change for employees, specifically those at Walt Disney Imagineering (WDI), and is a big cultural change for those close to or familiar with the company.
Disney is relocating about 2,000 of its employees from California to Lake Nona, and the company is likely to get a massive tax cut for doing so. According to Orlando Sentinel, “the transfer [was] fueled in part by $ 570 million in state tax exemptions. “
The impact will be felt in more places than just in the Disney results; according to the Orlando Sentinel, 90% of WDI positions move from California to Lake Nona, Florida. This can have a big impact on how Disney’s business segment, experiences and products operate in the coming years.
Although the full scope of these changes has not been revealed, Orlando Sentinel reported that “morale is low among the Imagineers, ”and several senior Imagineers may have resigned from the company entirely because of this move.
Notable Imagineers who have retired over the past year or so include Kevin Rafferty and Joe Rohde. While their departures may not be entirely due to the move to Lake Nona, time is only doubling with a major change that seems to be happening at WDI.
With Universal Orlando poised to open its third park, Epic Universe, in the next few years, Disney may want to refocus WDI’s efforts in central Florida. Only time will tell really the impact of this move of 2,000 Disney employees across the country, but as we learn more, we are sure to offer you the latest updates!
Click here to read more about Disney moving many of its employees to Florida.
Are you planning a trip to Disney World for 2022? Let us know in the comments!
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