MOVIES(45 days ago)
Toy Story 5 success can't save Pixar from major Disney layoffs
Even Pixar Animation Studios, fresh off the summer hit "Toy Story 5," wasn't spared in Disney's latest round of corporate cuts. Variety reports the animation powerhouse bore the brunt of several hundred job eliminations across the media conglomerate on Tuesday.
The layoffs also hit staff at ESPN and other corporate divisions, a Disney spokesperson confirmed. The move signals a significant corporate restructuring despite recent box office success.
The cuts come as a stark reminder of the volatile nature of the entertainment industry, where even successful studios are not immune to broader corporate cost-saving measures.
Sources:Variety ↗
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