On November 6, BEC World executives, the parent company of Thailand's Channel 3, held a brief virtual town hall meeting with employees to announce an upcoming major restructuring. This plan, described as essential for the company’s continued progress, will involve layoffs, although details on severance packages and the exact number of affected employees were not disclosed. Executives expressed regret over the decision, clarifying that the layoffs are not a reflection on employee performance but a necessary step for the organization.

The financial performance of BEC World has seen fluctuations. In Q2 2023, the company reported a net profit of 71.4 million THB, up 403.8% from Q1 2023 but down 4.6% year-on-year. For the first half of 2023, net profits reached 85.62 million THB, a significant decline from previous years, with net profits of 210 million THB in 2022, 607 million THB in 2021, and 761 million THB in 2020.

The company noted a gradual recovery in TV advertising revenue during Q2 2023, although spending remains cautious due to various economic pressures. These include geopolitical conflicts, high household debt, inflation, and high interest rates, all factors limiting private sector spending on advertising.

Despite these challenges, BEC World maintains a solid financial position with 4.05 billion THB in cash and cash equivalents, and net cash from operations at 861.9 million THB as of Q2 2023.