Disney Plans TV Restructuring and Layoffs

Walt Disney plans to restructure its television business to focus on streaming customers rather than linear TV. The overhaul could result in hundreds of job cuts and divisional consolidation.

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A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid

Walt Disney Co is planning a sweeping restructuring of its television business that could trigger hundreds of layoffs and consolidate major divisions. People familiar with the matter said the overhaul targets traditional linear networks as streaming pressures mount. The sweeping changes follow earlier workforce reductions across Pixar, marketing, and human resources units over the past year.

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