Disney to eliminate Hundreds of American jobs at ABC, Cut Costs by 10 Percent

Disney to Lay Off Hundreds at ABC, Cut Costs by 10 Percent

Disney-ABC Television Group will be reducing annual costs at the unit by 10 percent by the close of its parent company’s fiscal year with a restructuring and reduction of staff levels, Variety has learned.

Plans for the cost-cutting measures at the group, which includes the ABC television network, ABC News, ABC Studios, and entertainment cable channels including Freeform and Disney Channel, are still being developed.

Disney-ABC sources tell Variety that no headcount for staff reductions has been determined and that details of the cost-cutting effort are fluid, but expectations are that the layoffs will number in the hundreds.

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