On Monday morning, ABC News boss Kim Godwin informed staffers on the network’s daily editorial call that ABC News will need to implement a hiring freeze, with the exception of executive producers and producers. Godwin added that business travel — outside of newsgathering — will also be frozen.
The company’s chief executive had signaled for several months that he wanted to rein in costs as he shifts attention toward the metaverse.
The media company, which originally thought it would avoid cuts, has changed its tune and is now implementing temporary salary cuts company-wide as well as a hiring freeze and employing less freelance employees.
