The long awaited layoffs are coming along with another MASSIVE layoff just before christmas.
Deadline first reported the staff reductions on Thursday, saying they could impact up to 2000 employees across Disney and ABC properties. An ABC source with knowledge of the situation said that the cuts will hit upward of 400 of its employees on the East Coast and still more out west.
Multiple people at ABC told Splinter that there is a widespread belief at the network that the belt-tightening could be tied to a prospective sale by its corporate parent.
Minimum layoff are projected in the 5000 range mostly attributed to the negative politically negative coverage of President Trump. MAKE AMERICA GREAT AGAIN.