ABC News finished its staff cuts this week by laying off 22 employees, fewer than executives had projected, Matea Gold reports in the Los Angeles Times’ Company Town blog.
That was because the news division had a larger-than-expected response to a buyout offer, with more than 300 staff and contract employees opting for a voluntary buyout. The plan is part of an effort by ABC News to overhaul the way it gathers and produces news, especially when it comes to cutting costs.
"Still, staffers within the news division describe the cutbacks as an excruciating and demoralizing chapter that has left many of them questioning how the pared-down news division will be able to compete," the article says.
Nine correspondents are leaving the network, including some who haven’t yet been named, which is fewer than the news division had anticipated. ABC News is scaling back its London office and will shut down all its bureaus in the U.S. except for Washington.