Part 6/8:
The ongoing layoffs and financial losses underscore a more profound issue: Disney’s core strength—its family-friendly animated films—is declining. Over the decades, Disney built its empire on animated classics that became cultural touchstones. Today, that pillar appears to be weakening, with audiences disengaging and critics questioning the studio’s creative direction.
Simultaneously, Disney’s attempts to pivot towards streaming with Disney+ have not yielded expected profits. The company invested heavily to grow its digital footprint, only to face sustained losses, prompting cost-cutting measures including layoffs across various divisions.