Archive · 22 Jul 2026
Disney Cuts Hundreds Amid Restructuring Despite Toy Story 5 Success
Disney has cut hundreds of jobs across its company, including at Pixar and ESPN, as part of its restructuring efforts.
This is the third round of layoffs this year.
Pixar, despite the success of Toy Story 5, which has earned over $957 million globally, saw the most cuts.
ESPN also laid off staff, including former NFL star Ryan Clark and longtime SportsCenter anchor Karl Ravech, due to the acquisition of the NFL Network.
Disney's CEO, Josh D’Amaro, explained that these cuts are necessary to make the company more efficient and ready for the future.
Disney laid off hundreds of employees across multiple corporate functions on July 21, 2024.
Pixar, despite the success of Toy Story 5, saw the most cuts, with less than 10% of its staff affected.
Toy Story 5 has earned over $957 million globally and had the biggest domestic debut of the year in the US.
ESPN laid off staff, including Ryan Clark and Karl Ravech, due to the acquisition of the NFL Network.
This is the third round of layoffs at Disney this year, with 1,000 employees affected in April.
- Who
- Walt Disney Co employees, including those at Pixar, National Geographic, ESPN, and other divisions
- What
- Company-wide layoffs as part of restructuring efforts
- When
- July 21, 2024
- Where
- Various corporate functions and studios within Disney
- Why
- To streamline operations and foster a more agile workforce for future needs
Disney's Restructuring Necessity
Employee Concerns Over Job Security
Restructuring for Efficiency
Disney's Restructuring Necessity
Disney's restructuring is necessary to streamline operations and foster a more agile workforce for future needs.
Employee Concerns Over Job Security
Employees fear job insecurity and the impact of repeated layoffs on morale and creativity.
- Date of Layoffs
- July 21, 2024
- Number of Employees Affected in April
- 1,000
- Pixar Staff Reduction
- Less than 10%
- Toy Story 5 Global Box Office
- $957 million
- Toy Story 5 Domestic Debut
- $160 million
- ESPN's NFL Network Acquisition
- 2024