ABC News to Ask Hundreds to Resign; May Cut Workforce by About 20%

Enjoy this article? You may also be interested in these related items from our partners


Minnie's Bow-Toons:
Trouble Times Two Book

LEGO Super Heroes
Daily Bugle Showdown 76005


Disney Pixar Monsters
University Magnetic Memo Board

Weak advertising is forcing ABC News to restructure, as per a report by the LA Times, resulting in a workforce reduction of 20%, or approximately three hundred employees.

The process is expected to begin tomorrow morning in which ABC News will seek volunteers to accept a buyout and leave the organization followed by likely layoffs if not enough volunteer. ABC News employs 1,4000 staffers in all.

Update #1: AOL’s Daily Finance has reprinted today’s memo from ABC President David Westin which you can view here.

Enjoyed this post? Share it!

 

Leave a comment

Your email address will not be published. Required fields are marked *


seven − 6 =