Disney is planning a sweeping restructuring of its television business that is expected to produce hundreds of layoffs and consolidate divisions that have operated separately. The effort is led by Disney Entertainment Television chairman Debra OConnell, who reports to Disney President and Chief Creative Officer Dana Walden. It covers ABC Entertainment, 20th Television, Hulu Originals, Disney Kids & Family, National Geographic Content and Freeform, with executive layers overseeing programming for Disney+, Hulu and linear channels expected to be among the roles affected. ABC News also faces further reductions. Senior executives are still determining the details, and the plan may not be finalized before year-end. The overhaul follows Disney’s voluntary early-retirement program for executives over 50 with at least 10 years of service and is part of CEO Josh D’Amaro’s broader cost campaign after he succeeded Bob Iger on March 18, 2026. Disney laid off more than 300 employees, mainly in human resources and IT, on September 30, bringing reported 2026 cuts above 1,500 positions. Disney shares were down 3.03% at $101.72 in Thursday afternoon trading, after reaching $101.39 and standing about 13% below their 52-week high of $117.09.