ABC Employees Play Career Roulette: What Would You Do?

The world of TV news may sound exciting and glamorous, but it just got a little less so. ABC News announced that it's cutting its staff up to 25 percent, and over the next couple of days, letters will be sent out to as many as 400 employees' homes, offering them a voluntary separation package. Should they reject this voluntary offer, betting that they will survive the layoffs, and are then asked to leave, the severance package will be substantially less.