How many ABC News staffers will get axed in Disney – Business News
ABC News — home to “Good Morning America,” “World News Tonight” and “The View” — is getting hit with roughly a dozen layoffs amid broader cuts at parent-Disney, in accordance with a source close to the community.
The cuts are half of a huge 1,000-person massacre underneath Disney’s new CEO Josh D’Amaro, who introduced on Tuesday that the company is getting “streamlined” to raised deal with the risky media atmosphere.
The bulk of the roles will come from Disney’s unified advertising and marketing unit underneath Asad Ayaz, in addition to in its studios and TV companies, ESPN, product & technology, and sure company features.
Disney boss Josh D’Amaro stated the company is slashing 1,000 jobs. Getty Images
“Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D’Amaro advised workers.
“Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees,” he added.
D’Amaro was tapped as CEO of Disney in February, formally succeeding longtime boss Bob Iger.
Entertainment boss Dana Walden was elevated to president and chief inventive officer, in a transfer that induced some emotional strife on the Mouse House, as beforehand reported by The Post.
Last month, Walden elevated ABC News boss and close confidant Debra OConnell to a newly created position as chair of Disney Entertainment Television, handing her sweeping authority over the company’s TV operations.
But the new crew has gotten off to a considerably bumpy begin, after ABC acquired ensnared in the lurid fallout from “The Bachelorette” and Disney’s partnership with OpenAI fell by way of.
Dana Walden (above) and Debra OConnell pulled the newest controversial season of “The Bachelorette,” which may value the company upwards of $70 million. Chris Pizzello/Invision/AP
Walden and OConnell pulled the show, following the release of a 2023 video exhibiting “Bachelorette” star Taylor Frankie Paul throwing chairs at her estranged companion Dakota Mortensen — and by accident hitting her baby.
The Disney-owned community licenses the show from producer Warner Bros. and will owe the studio wherever between $50 million and $70 million if the show doesn’t air, specialists advised Page Six final month.
Disney’s three-year partnership with OpenAI – together with its $1 billion investment – was dissolved after the tech firm introduced it was shuttering its Sora video generator simply months after its launch.
The company’s $1.5 billion investment in Epic Games, which was led by D’Amaro, additionally faces uncertainty because the video recreation maker axed 1,000 jobs in March after its new Fortnite video games flopped with followers.
