Several top ABC News veterans have agreed to take buyouts and will be leaving the network as Disney continues to try and cut costs.
\n\nThe exit of the veteran staffers has caused some at the news outlet to worry about “brain drain,” as the exit leaves far less experienced employees to take their place, according to the New York Post.
\n\nThe buyout offers to top executives and long-time employees came along with a wave of layoffs in July, including the end of the road for 150 Pixar employees.
\n\nYear over year, Disney’s stock is down 24 percent as losses continue to mount for the House of Mouse.
\n\nIt was also announced last month that despite three rounds of layoffs over the last year, more are to come.
\n\n“Disney is planning a restructuring of its television operation that’s expected to result in hundreds of layoffs and the consolidation of divisions, according to people familiar with the matter,” the Wall Street Journal reported. “A primary goal for the TV reorganization is to structure the business in a way that makes sense for streaming customers, rather than … linear [i.e., broadcast and cable] television.”
\n\nABC has seen a massive loss of viewers and…
Original source: https://www.breitbart.com/entertainment/
