Disney Cutting Several Hundred Jobs; Pixar And National Geographic Among Most Affected Divisions

Key Points:

• Disney is cutting several hundred jobs, with Pixar and National Geographic among the most affected divisions, as part of a broader effort to streamline operations and foster a more agile workforce.
• Nearly 100 jobs are being cut across Disney Entertainment Television, with National Geographic losing about 60 employees, representing 13% of its staff, and around a dozen layoffs at ABC News.
• Pixar is reducing its workforce by roughly 100 employees, less than 10% of its 1,100 staff, focusing on production and operations, following a previous 14% reduction earlier in 2024.
• These layoffs come amid mixed performance for Disney’s studios, with Pixar’s recent hits like "Hoppers" and "Toy Story 5" grossing nearly $1.4 billion worldwide, contrasting with Lucasfilm's underperformance.
• CEO Josh D’Amaro, who took over earlier this year, has emphasized the need for technological innovation and agility in the workforce to keep pace with the fast-moving media industry.