WSJ reports Disney plans to consolidate TV divisions and cut hundreds of jobs; shares fall about 3%

The Wall Street Journal reported that Disney plans to consolidate its television divisions around streaming and cut hundreds of jobs. Disney Entertainment Television chairman Debra OConnell leads the effort, which covers ABC Entertainment, 20th Television, Hulu Originals, Disney Kids and Family, National Geographic and Freeform. Executives are still working out the details, which may not be final until later this year, and Disney shares fell about 3% in regular trading that day.

• Plan reported by the Wall Street Journal; not yet announced by Disney
• Hundreds of jobs could be cut; no exact figure given
• Led by Debra OConnell; details may not be final until later in 2026
• Shares fell about 3% in regular trading on October 1