Disney/ABC TV Group cuts 400 positions

By News on the Net —— Bio and Archives January 30, 2009

Comments | Print This | Subscribe | Email Us

LOS ANGELES: The Walt Disney Co.'s television division is cutting 400 jobs, or about 6 percent of the unit's work force, due to the slumping economy.

The cuts include 200 layoffs, while another 200 vacant positions will not be filled in a division that employs 6,500 to 7,000 people, said a Disney executive who spoke on the condition of anonymity because the number of job cuts had not been made public. The job reductions, to be implemented in the coming months, were the latest announced at the family entertainment company, which is grappling with weak consumer sentiment and a declining advertising market. More...