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[24 May 2013 | No Comment | ]
ESPN Reportedly Cutting Hundreds of Jobs in a Move to Manage Costs

It is being reported that ESPN, the most profitable unit at The Walt Disney Company, is cutting 300 to 400 jobs and closing an office in Denver.
These cuts are not thought to be related to similar personnel cuts at Disney that resulted in about 150 layoffs in April. In the most recent fiscal report from Disney, ESPN accounted for 54.7 percent of all operating income.
A statement from ESPN about the cuts said only that “we are implementing changes across the company to enhance our continued growth while smartly managing costs.”