January 29, 2009

Disney plans 5% job cuts at ABC group

Filed under: Ad Industry,media,US — 7macaw @ 1:43 pm
Tags: , , ,

Walt Disney Co (DIS.N) plans to lay off 200 people at its ABC division, a Disney executive familiar with the situation said, underscoring the media industry’s struggle with sliding ad sales.

The media giant intends to also freeze 200 vacant jobs, resulting in an overall 5-percent reduction of ABC’s workforce of about 6,500 to 7,000, said the Disney source, who declined to be identified because the company had not announced the cuts publicly.

Source: Reuters

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