Disney Internet to Cut More Jobs

NORTH HOLLYWOOD, Calif.– Walt Disney Co.’s Internet arm said it plans to cut more jobs, this time mainly among technology staff and employees at ABCnews.com and ABC.com.

The unit, known as Walt Disney Internet Group (DIG), said it will eliminate about 135 staff positions across its organization. The cuts are being made in the North Hollywood, Seattle and New York offices.

“These layoffs will help enable us to operate in a more efficient and streamlined manner as we drive toward becoming a profitable business,” said Steve Bornstein, chairman of the Disney (DIS) unit, in a prepared statement.

Affected employees will receive severance packages depending on their length of service, as well as outplacement assistance.

In an earlier cost-cutting move, Disney last month said it will absorb its Internet tracking stock and close the faltering Go.com Web portal (www.go.com), the latest in a frustrating series of maneuvers to reposition the media company’s Internet businesses for success. Before
the Go.com cuts, which numbered about 400, Disney’s Internet business employed 2,100.

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