Walt Disney Co. is planning a major restructuring of its television business that is expected to lead to hundreds of layoffs. The reorganization aims to align the division with the streaming era and move away from a structure built around traditional linear television brands.
The plan would centralize divisions that have operated separately, making some executive and other roles redundant. Executives are still finalizing the details.
The effort is part of a broader push by new CEO Josh D'Amaro to streamline the company.