Lay-off trend reaches ABC News, cut several jobs
Business
ABC News announced the downsizing and restructuring in a memo to staff
WASHINGTON (Web Desk) - Walt Disney Co's ABC News laid off several senior executives on Thursday, as it restructures its newsroom, two sources confirmed.
The reductions are part of Disney's previously announced plan to cut 7,000 positions across the company as it seeks to control costs and become a more streamlined operation.
ABC News President Kim Godwin announced the downsizing and restructuring in a memo to staff. About 50 jobs will be eliminated over time, including open positions.
"While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization," Godwin wrote.
