Pixar is celebrating one of its biggest box-office successes in years, yet the studio is simultaneously shrinking its workforce with layoffs affecting hundreds of employees. Despite 'Toy Story 5' approaching the £718 million ($958 million) mark at the global box office, Disney has eliminated hundreds of positions at the animation studio as part of another company-wide restructuring.
The latest redundancies represent Disney's third round of layoffs this year and extend a broader effort to streamline operations under the company's 'One Disney' strategy. While several divisions have been affected, executives have targeted Pixar and National Geographic in the latest cuts as they continue reshaping the entertainment giant amid changing audience habits and financial pressures.
