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.
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I wonder if this will be Martin Bashirs karma day? Millions around the world have been asking ABC to get rid of him.