Disney-ABC TV president Anne Sweeney sent out one of those stomach-dropping memos today, informing employees that 400 would be let go—from every division, and running all the way up the flagpole. It's after the jump.

Sent: Thursday, January 29, 2009 10:21 AM
Subject: Business Update

Team:

After months of making hard decisions across our businesses to help us adjust to a weakening economy, we’re now faced with the harsh reality of having to eliminate jobs in some areas.

This was not an easy decision, nor one made lightly. The people affected today are our friends and colleagues, and we are doing all we can for them and their families during what we know will be a difficult transition.

Change is never easy, and becomes even harder to embrace during times of turbulence and uncertainty. With that in mind, I’ve asked each business leader to reach out to their group with more information on this announcement as soon as possible.

I realize this is an extremely difficult day for everyone in our group. But despite the challenges before us, I remain confident and optimistic about our future, because you really are the best team in the business.

Anne