The Walt Disney Company is set to lay off roughly 200 employees in its ABC News Group and Disney Entertainment Networks unit.
A memo from ABC News President Almin Karamehmedovic to employees confirmed the changes happening in the company.
The memo noted that the company is looking to streamline its operations.
“Rethinking the way we work to future-proof our team regrettably includes reductions to our extraordinary staff,” Karamehmedovic said in the memo. “These decisions are incredibly challenging and today will undoubtedly be difficult for our organization.”
The company is looking to further align its digital and social operations by integrating teams with newsgathering, shows, and owned stations.
The strategic reorganization of the company’s teams will affect less than 6% of the workforce, a source…
