The actor skipped the Critics' Choice Awards on Thursday — where he won the award for Best Actor in "The Disaster Artist." The ceremony took place just hours after the L.A. Times published the stories of the five women.
"He's in a really bad place, so bad that he changed his phone number," a source close to the situation told People. "His close friends are trying to be there for him but it's been hard - he's only talking to a select group of people. For now, he's just hiding out."
Five women told the Times that Franco, 39, abused his power as an acting teacher at Studio 4 in New York and Los Angeles.