Disney Layoffs 2024: What to Know About the Latest Pixar Job Cuts

At this point in the economic cycle, investors are rewarding companies that are getting lean and mean. Disney (NYSE:DIS) is among the media giants that has been among the most aggressive in terms of cutting costs, with recent Disney layoffs at the company’s Pixar division affecting roughly 175 employees at the firm.This move to cut 14% of Pixar’s staff is significant, especially when one considers the demand for content production still remains high. Coming off the pandemic, when many movies were halted, as ...