Overview

• The Walt Disney Company is laying off approximately 200 employees across its ABC News Group and Disney Entertainment Networks, representing nearly 6% of combined staff.
• ABC News is consolidating its flagship programs, including merging 'Good Morning America' with 'GMA3' and combining '20/20' with 'Nightline,' resulting in job losses.
• The political and data-focused news site FiveThirtyEight, founded by Nate Silver, is being shut down, with 15 staff members losing their positions.
• Disney's restructuring efforts aim to address declining cable TV audiences and shifting resources toward digital and streaming platforms, as Disney+ faces subscriber losses.
• The layoffs come as part of broader industry challenges, with other media companies like E.W. Scripps and Tegna also announcing job cuts in recent weeks.