Disney layoffs: Iconic film studio suffers most cuts despite historic $1 billion box office milestone

Another company-wide layoff heartbreak hit Walt Disney Co employees on Tuesday (US time). Several hundred jobs were cut across multiple corporate functions, according to a Disney spokesperson cited by Variety, The Hollywood Reporter, and other US outlets. While the iconic Pixar banner saw the most cuts on the film studio side, National Geographic bore the brunt of the new cuts in the TV business.

The latest upheaval marks the third wave of layoffs at the entertainment giant this year. Initially, Disney consolidated its marketing division under Asad Ayaz’s leadership in January, triggering some cuts along the way.