The Walt Disney Company has laid off several hundred employees across its corporate operations, ESPN, Disney Entertainment Television, and Disney Studios, with Pixar expected to be hardest hit. This marks the second round of layoffs this year, driven by underperforming films and efforts to streamline operations and reduce costs. The move follows poor box office returns for Pixar's 'Elio' and 'Inside Out 2', and is part of a broader industry cost-cutting trend.
has once again laid off employees across entertainment divisions. This has happened for the second time this year. The new round of layoffs has specifically hit, The Walt Disney Company has cut several hundred employees across its corporate operations, ESPN, Disney Entertainment Television, and Disney Studios.
Pixar Studios is expected to be among the hardest-hit divisions with around 150 jobs reportedly being eliminated. Within the TV division, National Geographic will also lay off a major portion of its workforce. , The Wrap reported. Originally premiered earlier this year, the movie received positive responses from critics and audiences alike.
Although Hoppers grossed more thanworldwide against a $150 million production budget, it fell short of Disney’s internal expectations. The film also follows Elio, another Pixar film that just grossed $154 million against a $200 million budget.contributed to increased financial pressure within the animation studio. This marks their largest round of layoffs since 2024, when the studio cut approximately 175 jobs, or about 14% of its workforce.
According to the company, this new move is aimed at reducing costs and streamlining its operations across its multiple divisions. The company spokesperson said, “These changes are part of our continual evaluation of how we manage resources and reinvest across the company as our industry continues to evolve. ”Manoj Chekkilla is an Entertainment Writer for Evolve Media, covering film, TV and video games.
With over four years of experience across the entertainment and gaming industries, he has experience of reporting on industry news, major releases, and emerging trends. When not writing, Manoj can be found watching movies, exploring new TV shows or playing video games. A new trailer for The Stunt Driver is out with an official release date. The biographical comedy-drama stars Jay Baruchel…The Texas Chain Saw Massacre is all set to return to theaters.
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