Layoffs were taking place on Thursday at ABC News as part of a restructuring and job cuts across The Walt Disney Co.The layoffs were in the “low single digit” percentage of the workforce and were across the news division, according to a source with knowledge of the matter.
The news division has about 1,400 employees.Other network news divisions also have laid off employees over the past year, including NBC News, CBS News and Fox News.
In some cases, the COVID-19 pandemic has only exacerbated a volatile media environment, with a push toward streaming and digital.Walt Disney’s Television Group has been also cutting positions in general entertainment divisions on Thursday, as part of a major restructuring.
Read more on deadline.com
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