Disney and ABC News are laying off approximately 200 employees, which amounts to just under 6% of their total staff, as confirmed by sources familiar with the situation. ABC News is closing down the polling site FiveThirtyEight, which employed around 15 people, according to the company's announcement. These job cuts reflect a trend in traditional media facing challenges with shrinking ratings and revenue as consumers shift from cable services to streaming platforms. Mollie Hemingway from the Federalist observed that the closure of FiveThirtyEight suggests a decline in legacy media's sway over perceived Democrat backing.