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Economy

ABC News Sends Heads Rolling as Part of Disney's 7,000 Layoffs

2023-04-01

[BREITBART] ABC News is laying off dozens of employees, including some of its highest-ranking executives, as part of the Walt Disney Co.’s ongoing round of layoffs that will see 7,000 employees depart the company.

The poor darlings worked hard to accomplish this outcome.

In all, ABC News is expected to lay off 50 individuals—including an executive producer close to Good Morning, America co-anchor and former Clinton administration official George Stephanopoulos—according to a Variety report.

Other executives getting pink-slipped include the head of ABC News’ investigative unit, the network’s Los Angeles bureau chief, and the network’s chief spokesperson.

"While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization," ABC News President Kim Godwin (pictured) reportedly said in an internal memo.

Disney is laying off 7,000 employees across its numerous media properties as part of an effort to rebound from a disastrous 2022 that saw the company’s stock plunge 44 percent and its profitability take a surprising hit, resulting in the firing of CEO Bob Chapek.

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