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HomeBusinessABC News hit with 75 layoffs as corporate parent Disney slashes costs

ABC News hit with 75 layoffs as corporate parent Disney slashes costs



ABC News and its local station group faced 75 job cuts on Wednesday as part of an ongoing restructuring at parent company Disney.

ABC News president Almin Karamedovic broke the news to staff in a memo obtained by The Post, telling them the network had to make some “difficult decisions.”

“Across the ranks of ABC News, a limited number of our colleagues are being impacted by staff reductions,” she said. “As you know, this has been happening on a large scale across the broader company and the industry in recent weeks and months.”

The cuts come as 75 jobs at ABC News and its station group amid a broader restructuring at parent company Disney. getty images

executive – who was Promoted to the role of President in August After serving as executive producer of the top-ranked “World News Tonight with David Muir” — he said his job is to “shape a team that embraces the new media landscape” that “evolves with it.” ”

ABC News had no comment on the layoffs.

A source familiar with the situation confirmed that the layoffs affected 75 jobs split evenly across ABC News and ABC’s station group.

The source said on-air talent in any division has not been affected.

Programming will not be affected and no entire teams will be eliminated, the person said, adding the company is making the changes “to be sustainable, efficient and for the future.”

ABC News president Almin Karamehmedovic told staff that
The network is reorienting to the new media landscape. Disney/Nathan Martin

Under the leadership of CEO Bob Iger, Disney has been undergoing a cost-cutting and restructuring process in recent months.

Last month the company cut and reorganized its corporate structure. TV studio group is combining all of its scripted programming into one divisionIncluding the shuttering of ABC Signature Studios and the folding of 20th TV.

Over the past year, Disney has been in the process of a massive restructuring, which has included cutting over 7,000 jobs. gc images

At the end of July, The Post reported ABC News’ “Good Morning America” ​​staffers were set for layoffs ahead of Disney’s fiscal year end on Sept. 30 amid demands to shore up its bottom line.

At the time of report, Disney’s TV group hit with layoffsCut 140 jobs across its networks, including NatGeo and Freeform.

Earlier this year, the Disney-owned animation studio Pixar cuts about 175 jobs And last year, the Mouse House was built An extensive restructuring, cutting about 7,000 jobs,

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