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Disney to Cut Nearly 200 Jobs Across News and Entertainment, ABC News Hit Hard

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ABC News Group and Disney Entertainment Networks are laying off just under 200 employees, or roughly 6% of staff, across news and entertainment starting on Wednesday, TheWrap has learned. A majority of these cuts come from ABC News,
Disney is set to eliminate nearly 200 positions across its news and entertainment divisions, with ABC News experiencing significant layoffs. This move is part of a broader cost-cutting initiative by Disney, which also includes the closure of its Star Wars-themed hotel in Florida. The layoffs at ABC News will affect various departments, including production, digital, and technology, with some high-profile figures like senior vice president of newsgathering, Wendy Fisher, also departing. This comes amidst a challenging period for the media industry, marked by declining ad revenues and the ongoing shift towards streaming services. The cuts are part of Disney's strategy to streamline operations and reduce costs, following a previous announcement by CEO Bob Iger to cut 7,000 jobs company-wide.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/tv/news/disney-to-cut-nearly-200-jobs-across-news-and-entertainment-abc-news-hit-hard/ar-AA1Aj671 ]