Disney Lays Off Several Hundred Employees, Hitting Pixar and National Geographic Hard

Disney is cutting several hundred jobs across its corporate functions, with Pixar and National Geographic among the divisions most affected. The layoffs, confirmed by a company spokesperson, took place on Tuesday and also impacted ESPN, which let go of staffers as part of a deal with the NFL. Employees at Disney Entertainment Television and Studios were also notified. The cuts come despite Pixar's recent success with the summer blockbuster "Toy Story 5." The company declined to specify exact numbers but said the reductions are part of ongoing cost-saving measures. The layoffs affect various roles, though details on specific positions were not disclosed. Disney has been restructuring its operations amid shifts in the media landscape, including the rise of streaming and changes in sports broadcasting rights. The move reflects broader industry trends, with many entertainment companies reassessing their workforces.