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Disney's TV Unit To Cut 400 Jobs

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Disney's TV Unit To Cut 400 Jobs


http://www.huffingtonpost.com/2009/01/29/disneyabc-tv-unit-to-cut_n_162417.html


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.


Last week, Disney's parks division also offered voluntary buyout packages to about 600 executives and gave them until Feb. 6 to opt in.


Disney Chief Executive Robert Iger said in November the company was seeking to pare costs across the company to keep pace with worsening economic conditions.


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