ABC News lays off senior executives in Disney’s cost-cutting drive

0

Walt Disney’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.

The layoffs began this week, affecting other facets of Disney’s operations, including its Marvel Entertainment division, television production and those working on next-generation storytelling initiatives.

ABC News President Kim Godwin announced the downsizing and restructuring in a memo to staff that was seen by Reuters.

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.


ABC News President Kim Godwin
ABC New President Kim Godwin said about 50 jobs will be eliminated over time, including open positions.
Getty Images for The Alliance fo

A screen outside ABC's studios
The reductions at ABC are part of Disney’s previously announced plan to cut 7,000 positions across the company.
REUTERS

Among those to lose their jobs in the restructuring were Wendy Fisher, senior vice president of news gathering; Galen Gordon, senior vice president of talent; Alison Rudnick, vice president of corporate communications; and David Herndon, executive director and Los Angeles bureau chief.

Godwin named London bureau chief Katie den Daas as vice president of newsgathering, overseeing domestic and international teams. The business and operations team will expand to include talent, production and business affairs, reporting to ABC News Executive Vice President Derek Medina. Stacia Deshishku, executive editor and senior vice president of News, will assume responsibility for the investigative and enterprise reporting unit.

“While this is a difficult time for all of us – particularly those directly affected by these tough decisions – it’s important to remember that together, we are resilient, and will emerge from this period of transition stronger than before,” Godwin wrote.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest  Business News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment