Some posts may contain affiliate links which means our team could earn money if you purchase products from our site.
Article from the LA Times talking about ABC News layoffs. Guess it goes to show you that nobody is safe in this economy. Our thoughts go out to those people losing their jobs.
ABC News is poised to make a major round of cuts that will reduce the size of the news division by as much as 20% and radically reorder the network’s traditional approach to news gathering.
Forced to belt-tighten by the weak advertising market, network executives have opted to restructure the labor-heavy newsroom from top to bottom in favor of a leaner, more nimble operation, according to multiple sources. Many of those remaining in the pared-down news division will be expected to both produce and shoot their own stories, acting as “one-man bands,” a model increasingly being adopted in television news.
The process is expected to begin Wednesday morning when employees receive a letter asking for volunteers to take buyouts and leave the company. Newsroom employees have heard that the network is seeking to shrink the newsroom by as many as 300 positions, approximately 20% of the 1,400-person staff. If not enough employees volunteer to leave, layoffs will likely follow.
Click here to keep reading.
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Click Here for your FREE No Obligation Quote.
