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Disney layoffs hit Pixar despite strong 2024 box office performance

Disney conducted its third round of layoffs in seven months, with Pixar facing significant staff reductions despite the studio's recent commercial success, including $1.2 billion in box office revenue from Toy Story 5 and Hoppers. The cuts underscore Disney's ongoing cost-reduction efforts across its animation divisions.

First seen Jul 21 ago2 sources covering

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What we know

  • Pixar experienced substantial layoffs as part of Disney's third workforce reduction in seven months
  • Toy Story 5 and Hoppers generated $1.2 billion in combined box office revenue prior to the layoffs
  • The cuts occurred despite strong financial performance from Pixar's recent theatrical releases
  • Disney has maintained a pattern of layoffs across its studios over the past year