Thursday, January 29, 2009

Disney-ABC TV to cut 400 jobs

The latest round of showbiz layoffs hit this morning with Disney-ABC Television Group informing insiders that it is shedding about 400 jobs, or about 4% of the TV group’s total workforce.

The cuts will reach across the board in Disney-ABC TV group divisions and go high the exec chain. The Mouse will cut about 200 staffers and eliminating another 200 posts that have already been frozen for months. The ABC News division has laid off about 40 staffers and will not fill any of its 60 open positions, insiders said.

Disney-ABC TV Group prexy Anne Sweeney wrote a memo sent to staffers Thursday morning"
Sent: Thursday, January 29, 2009 10:21 AM
Subject: Business Update


After months of making hard decisions across our businesses to help us adjust to a weakening economy, we’re now faced with the harsh reality of having to eliminate jobs in some areas.

This was not an easy decision, nor one made lightly. The people affected today are our friends and colleagues, and we are doing all we can for them and their families during what we know will be a difficult transition.

Change is never easy, and becomes even harder to embrace during times of turbulence and uncertainty. With that in mind, I’ve asked each business leader to reach out to their group with more information on this announcement as soon as possible.

I realize this is an extremely difficult day for everyone in our group. But despite the challenges before us, I remain confident and optimistic about our future, because you really are the best team in the business.


Stay tuned.

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