ABC News lays off senior executives in Disney’s cost-cutting drive By Reuters

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© Reuters. FILE PHOTO: A screen outside ABC’s studios shows Democratic presidential candidate, former U.S. Vice President Joe Biden, on ABC’s ‘The View’ in New York, U.S., April 26, 2019. REUTERS/Brendan McDermid

(Reuters) – Walt Disney (NYSE:) 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.

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