ABC News is set to cut over 20% of its staff – 300 to 400 jobs. Currently the division of the Walt Disney Company employs approximately 1,500 individuals.

David Westin, the President of ABC News, wrote in a memo to the employees that they were working on trying to anticipate changes in the market, rather than strictly respond to changes. He also wrote: “When we are finished, many job descriptions will be different, different skill sets may be required, and, yes, we will likely have substantially fewer people on staff at ABC News.”

ABC is offering voluntary separation packages to employees who choose to take them.

Thoughts?

Source: www.reuters.com

Related News:

• Steve Jobs To Help Disney Redesign Store Layout
• ABC News Hulu Channel
• New ABC News iPad App
• Charlie Sheen ABC News 20/20 Interview March 1, 2011
• Disney Trying To Put A Stop To Texting And Driving
• Disney Gets Rid Of Rule Banning Park Employees From Having Beards
• Disneyland Employees Get 3 Percent Raises Annually