According to people familiar with the matter, Disney is planning to restructure its TV business and is expected to lay off hundreds of employees and integrate multiple business divisions. Senior management is currently finalizing the details of the plan, which may not be finally implemented before the end of the year. The marketing department, Pixar, ABC News, and ESPN have previously experienced layoffs. On Tuesday, Disney laid off more than 300 employees, mostly from the HR and IT departments. A person familiar with the matter said that one of the core goals of this TV business restructuring is to build a business structure around the needs of streaming media users, rather than continuing to use the brand structure created for traditional cable TV decades ago. Disney Entertainment TV Business Chairman Debra O'Connell, who reported to Walden, took the lead in charge of this restructuring. The segment under her jurisdiction includes a number of production studios and brands, some of which are derived from most of the 21st Century Fox entertainment assets that Disney acquired in 2019. Its segments include ABC Entertainment, Twenty Television, Hulu Original Content, Disney Kids & Family Content, National Geographic Content, and the Freeform Channel. Each section is equipped with a dedicated executive responsible for developing and producing programs, mainly supplying Disney+, Hulu, the company's traditional cable channels, and other broadcast channels. People familiar with the matter revealed that this restructuring is expected to affect some executives in the above business segments. Sources close to the ABC News Department said that the department also belongs to O'Connell, and it is expected that personnel will be further reduced in the future.

According to people familiar with the matter, Disney is planning to restructure its TV business and is expected to lay off hundreds of employees and integrate multiple business divisions. Senior management is currently finalizing the details of the plan, which may not be finally implemented before the end of the year. The marketing department, Pixar, ABC News, and ESPN have previously experienced layoffs. On Tuesday, Disney laid off more than 300 employees, mostly from the HR and IT departments. A person familiar with the matter said that one of the core goals of this TV business restructuring is to build a business structure around the needs of streaming media users, rather than continuing to use the brand structure created for traditional cable TV decades ago. Disney Entertainment TV Business Chairman Debra O'Connell, who reported to Walden, took the lead in charge of this restructuring. The segment under her jurisdiction includes a number of production studios and brands, some of which are derived from most of the 21st Century Fox entertainment assets that Disney acquired in 2019. Its segments include ABC Entertainment, Twenty Television, Hulu Original Content, Disney Kids & Family Content, National Geographic Content, and the Freeform Channel. Each section is equipped with a dedicated executive responsible for developing and producing programs, mainly supplying Disney+, Hulu, the company's traditional cable channels, and other broadcast channels. People familiar with the matter revealed that this restructuring is expected to affect some executives in the above business segments. Sources close to the ABC News Department said that the department also belongs to O'Connell, and it is expected that personnel will be further reduced in the future.