Part 9/13:
CEO Bob Iger’s leadership faced continuous tests. In an effort to recover from the financial struggles of the past two years, Disney underwent significant layoffs—over 7,000 jobs globally, roughly 3% of its workforce. These cuts spanned multiple divisions including Pixar, ABC, Nat Geo, and others.
While layoffs are often portrayed as necessary for restructuring, they also reflect underlying challenges in maintaining a profitable and innovative creative environment. Reports from industry insiders suggest that the contracting job market and internal dissatisfaction at studios like Pixar complicate Disney’s efforts to bounce back creatively and financially.