(Reuters) – Walt Disney Co’s ABC News has eliminated 50 positions, including senior executives, on Thursday, as it restructures its newsroom, a source confirmed.
The reductions are part of Disney’s previously announced plan to cut 7,000 positions as it seeks to control costs and become a more streamlined operation.
It began layoffs this week.
ABC News President Kim Godwin announced the downsizing and restructuring in a memo to staff that was seen by Reuters.
“While this is a difficult time for all of us – particularly those directly affected by these tough decisions – it’s important to remember that together, we are resilient, and will emerge from this period of transition stronger than before,” Godwin wrote.
(Reporting by Akash Sriram in Bengaluru ; editing by Jonathan Oatis)
