ABC News Staff Left Shocked After Bloodbath at Company: Report

ABC News laid off a number of executives Thursday months after network parent company CEO Bob Iger vowed Disney would undertake a series of cost-cutting measures.
CNN Business reported staffers at ABC were told suddenly on Thursday that roughly 50 jobs had been cut.
Most of the positions that were eliminated were in senior management.

In a memo sent out to employees, ABC News President Kim Godwin informed staffers of the cuts.
“Throughout the company, teams are being impacted by the downsizing that was announced several weeks ago, including our own ABC News family,” Godwin stated.

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