ABC News will lay off 75 employees.

The layoffs come as the news network is restructuring on behalf of its parent company, Disney.

The layoffs will impact mainly local station groups affiliated with ABC News.

ABC News president Almin Karamehmedovic stated, “Across the various ranks of ABC News, a limited number of our colleagues are being impacted by staff reductions.”

“As you know this has been happening across the broader company and the industry at large in recent weeks and months,” added Karamehmedovic.

Here's the letter ABC News President Almin Karamehmedovic sent to staff today over the organization's layoffs. Comes a bit over a month after the start of his tenure: pic.twitter.com/vVWRxD7qVI

— Corbin Bolies (@CorbinBolies) October 2, 2024

Check out what The New York Post reported:

ABC News and its local stations group got hit with 75 job cuts Wednesday as part of an ongoing restructuring at parent company Disney.

ABC News president Almin Karamehmedovic broke the news to staffers in a memo obtained by The Post, telling them that the network has had to make some “tough decisions.”

“Across the various ranks of ABC News, a limited number of our colleagues are being impacted by staff reductions,” he said. “As you know this has been happening across the broader company and the industry at large in recent weeks and months.”

The exec — who was promoted to the role of president in August after serving as executive producer of top-ranked “World News Tonight with David Muir” — said his task is “shaping a team that embraces the new media landscape” who “evolve along with it.”

ABC News hit with 75 layoffs as corporate parent Disney slashes costs: ‘Tough decisions’ https://t.co/Gof6EGsvhK pic.twitter.com/Rbwx0Ng1R5

— New York Post (@nypost) October 2, 2024

Employees were notified on Wednesday of the staff reductions, and the 75 cuts are believed to be split evenly between the national newsgathering arm and the local-media business. https://t.co/Qpw0oRDuZL

— Nieman Lab (@NiemanLab) October 2, 2024

Per The Wrap:

Disney is laying off roughly 75 employees across ABC News and its eight ABC Owned Television Stations as part of ongoing cost-cutting efforts.
The impacted employees are about evenly split between both groups, an individual familiar with the matter told TheWrap. No specific teams have been eliminated and there will be no impact to the network’s national or local programming.

“As we look to the future and refining a team that is not only capable of excellence in reporting and delivering the highest quality content but is also streamlined and sustainable, we must occasionally make some tough decisions. Unfortunately, today is one of those days,” ABC News president Almin Karamehmedovic said in a memo to staff. “Across the various ranks of ABC News, a limited number of our colleagues are being impacted by staff reductions. As you know, this has been happening across the broader company and the industry at large in recent weeks and months.”

Disney Lays Off Roughly 75 Staffers Across ABC News, Owned Stations https://t.co/QajfxqoBn3

— TheWrap (@TheWrap) October 2, 2024