Award-winning actress Jodi Sta. Maria has shared her reaction to ABS-CBN’s announcement of a significant layoff affecting over 100 employees.
The news, which has sent ripples through the entertainment industry, prompted Jodi to post a simple yet poignant reaction on her X (formerly Twitter) account, calling the development “heartbreaking” and adding a broken heart emoji.
The layoffs are part of a retrenchment program announced by ABS-CBN as it continues to navigate financial challenges within the media industry.
Despite its efforts to diversify into new markets and reduce operating costs, the network is still grappling with the loss of its congressional franchise in 2020, which led to a drastic reduction in its workforce and operations.
Supporters of both Jodi and ABS-CBN flooded her post with sympathy and encouragement. Many echoed her sentiment, with one netizen commenting, “This is so sad as a Kapamilya,” while others expressed concern for the affected employees: “Praying for strength for the entire network and all those impacted.”
Despite the current difficulties, ABS-CBN has reported some positive outcomes in 2024, including rising TV ratings and success in its film division, Star Cinema. Additionally, the network’s music department saw growth, bolstered by the success of acts like girl group BINI.
As the network continues to adjust its operations to the realities of a post-franchise environment, this latest retrenchment is a reminder of the ongoing struggles faced by ABS-CBN in its quest for financial stability.
News
Kris Aquino set for major TV comeback
Kris Aquino recently opened up about her health and personal life in an Instagram post, addressing the challenges she continues to face with her autoimmune conditions. The ‘Queen of All Media’ shared that while she remains cancer-free, she is still…
Star Magic partners with International Acting School Sightlines’ Actors Space
On October 16, 2024, at Coffee Project in Wil Tower Mall, Quezon City, Sightlines’ Actors Space and Star Magic officially announced their partnership with a contract signing event. While they have collaborated for several months, this event marked the formal…
Raki Vega shares her journey from humble beginnings to Disney Legacy Award
Filipina vocalist Raki Vega, the first Filipino to receive The Walt Disney Legacy Award, shared her inspiring story on the latest episode of ‘Toni Talks’ on October 20. Vega discussed her early life in Mandaue City, Cebu, and her path…
Ysabel Ortega and Miguel Tanfelix join forces as newest Beautéderm Belle Dolls
Ysabel Ortega, a longtime Beautéderm ambassador, was recently introduced as part of the first batch of Belle Dolls. This latest campaign also features her real-life boyfriend, Miguel Tanfelix, alongside fellow endorsers Sofia Pablo and Shaira Diaz. The announcement was made…
Gabbi Garcia admits difficulty moving on from first love Ruru Madrid
Kapuso actress Gabbi Garcia has candidly shared that she struggled to move on after her breakup with fellow actor Ruru Madrid, who was her first love. In a recent episode of ‘Fast Talk with Boy Abunda,’ Garcia was asked about…
‘FPJ’s Batang Quiapo’ drops to one of its lowest ratings since its premiere
The top-rated Kapamilya action-drama ‘FPJ’s Batang Quiapo (FPJBQ)’ hit one of its lowest ratings since its debut, according to the latest Nielsen NUTAM People survey report. On Wednesday, October 16, while FPJBQ retained its position as the overall number one program, its rating…
End of content
No more pages to load
