News
ABC to Lay Off 300
A Recessionwire reader sends this tip about a looming mass layoff at ABC:
High level sources at ABC News say that large staff cuts are pending, with the announcements coming as early as Wednesday. One ABC network anchor said that 300-400 permanent staffers will be let go. The cuts will come from staff positions at all of the networks news shows, including This Week with Diane Sawyer, Good Morning America, Nightline and 20/20. It’s also expected that some executive producers will get the axe along with the network’s entire special events department. Other high-placed sources at ABC also say that morale is at an “all time low” as staffers wait for the news of the cuts to be announced. ABC is reportedly planning to close almost every remaining news bureau, except Washington and Los Angeles offering staffers home based freelance work, as an alternative.
One longtime ABC News executive hinted that the only issue still under review was the timing of the cutbacks. Senior level network executives have reportedly been mulling these changes for months, but were reticent to announce them until the anchor changes at Good Morning America and World News Tonight showed promise in the ratings.
Tags: 
Special Sections
Discussion
No comments for “ABC to Lay Off 300”
Post a comment