Disney trims its empire again as Pixar takes a hit in ongoing reshuffle

Disney announced its third round of layoffs this year, affecting Disney Entertainment Television, ESPN, corporate, and Disney Studios, with Pixar’s Emeryville unit hardest hit (roughly 116 cuts per sources). The move fits a broader push to make Disney more agile as it shifts focus from streaming to theatrical releases; despite Toy Story 5’s strong opening (worldwide about $312 million, $160 million domestic), Pixar’s original projects have underperformed, and the company has trimmed staff in prior years. As of late 2025, Disney employed around 230,000 people globally.