Disney layoffs: To cut costs, ABC News fires numerous executives
ABC News, a Walt Disney subsidiary, reportedly fired a number of senior executives on Thursday. Their continuing reorganisation strategy includes this in an effort to reduce expenses and streamline operations. The action is a part of Disney’s previously announced plan to cut 7,000 jobs from its whole workforce. The layoffs have already started, and they are anticipated to have an impact on a number of Disney departments, including Marvel Entertainment, television production, and projects for next-generation storytelling. Reuters claims that Kim Godwin, president of ABC News, informed personnel of the restructure and downsizing plan. Over time, around 50 jobs, including…