Pixar, the studio behind Disney's successful Toy Story 5, is facing layoffs as part of Disney's broader restructuring efforts. The cuts are primarily affecting production and operations roles at Pixar, with around 100 staff members being let go. Disney is also eliminating several hundred jobs across corporate units, including ESPN and National Geographic. The layoffs come as Disney focuses more on theatrical releases to support its streaming platform, with original Pixar films facing challenges post-pandemic due to direct-to-streaming releases during COVID. Despite the success of sequels like Toy Story 5, original Pixar films have struggled, with recent releases like Hoppers performing below expectations.