Disney CEO Bob Iger indicated that the long-anticipated layoffs are “currently taking place”, reports TVNewser.

Iger said that the layoffs, expected to eliminate 7,000 jobs, would be conducted in three phases, with the first round, as noted, currently taking place. A second round which will impact a larger amount of staff will happen in April, while the third is expected to occur before summer.

According to TVNewser, ABC News, which falls within the Disney portfolio, “will be one of the divisions reducing staff numbers during the first round of layoffs. The news division run by Kim Godwin is expected to lose around 50 positions, according to Insider.

“These eliminated positions will include unfilled roles, which might relieve the anxious staff bracing for the worst. ABC News has a staff count of around 1,500 people, so this initial round of cuts would impact a tiny percentage of its overall headcount.”

More here.

PHOTO: ABC News. (ABC World News Tonight with David Muir, shown above, was the No. 1 evening newscast for the opening quarter of 2023, reports TVNewser.)