ESPN Goes Forward With Restructuring PlansNetwork reduces positions as it suggested it would in January 5/27/2009 11:48:46 PM Eastern
Disney’s ESPN is the latest media outfit to go forward with a restructuring, as the cable giant will shed around 100 positions in a shift previously predicted by chief George Bodenheimer.
The network released the following statement to B&C Wednesday evening: "Most of the jobs are being repurposed in support of initiatives which will more effectively grow our company, and our headcount number, ultimately, will remain consistent with current levels.”
The jobs cut are expected to be across a wide variety of levels, from production assistants up to executive roles, according to sources with knowledge of the company’s plans.
Back in January, the network said it would be making cost-reduction moves in line with much of the media world as a result of the slumping economy, including a hiring freeze for the remainder of 2009 and a reduction of as many as 200 open jobs.
No further specifics of the plan were made available at press time