Disney has officially confirmed a new round of layoffs impacting hundreds of employees across the company, with the Pixar animation studio facing significant cuts. The workforce reduction affects various divisions, including Disney Studios and television, as part of an ongoing restructuring effort.
Reports suggest the layoffs are partially linked to the lackluster theatrical performance of recent original films like Hoppers, which struggled to break even. While blockbuster franchise entries like Toy Story 5 continue to generate massive revenue, the studio is now shifting its strategy toward making original content more cost-effectively.