Disney lays off hundreds more employees across Pixar and National Geographic

The Walt Disney Company has laid off hundreds of employees across multiple divisions, with the majority of cuts occurring at Pixar Animation Studios and National Geographic. Staff were notified of the layoffs on Tuesday morning. This marks the third round of layoffs at Disney this year: a January restructuring reduced marketing jobs, and in April the company announced 1,000 layoffs in marketing, production studios, and television broadcasting. The entertainment giant has been implementing cost-cutting measures amid economic challenges in the streaming industry, where revenues have fallen short of traditional television returns and competition from services like Amazon and platforms like YouTube has intensified.