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| ABC News to lay off 25% jobs |
| Press Trust of India / New York Feb 24, 2010, 21:46 IST |
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American broadcasting firm ABC News has said it will undergo a "fundamental transformation", a move that is likely to impact around 300 to 400 jobs at the company.
In a memo to employees on Tuesday, ABC News' President David Westin said the company would "undergo a fundamental transformation that will ultimately affect every corner of the enterprise".
"...When we are finished, many job descriptions will be different, different skill sets may be required, and yes, we will likely to have substantially fewer people on staff at ABC News," the memo noted.
Quoting ABC employees, the New York Times has reported that cutbacks would affect 300 to 400 employees, or "roughly 25 per cent of the news division's workforce".
Currently, ABC News, which is part of the Walt Disney Company, employs around 1,500 people.
As part of the transition, Westin said the company would be offering a voluntary separation package to all full-time, US-based, non-union and non-contract employees.
According to the memo, the transformation would have six basic components, including elimination of "redundancies wherever possible".
Among other plans, the company would rely upon its programme staff through day and night to cover unexpected events and marshal personnel across the division to cover scheduled events.
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