Pixar Animation Studios, despite riding high on the success of summer blockbuster “Toy Story 5,” was hit particularly hard in a wave of companywide layoffs Tuesday at Disney. A Disney spokesperson confirmed that the media conglomerate is cutting several hundred jobs across certain corporate functions.

The Walt Disney Company has initiated another round of layoffs, eliminating hundreds of positions across its television, sports and film businesses as it moves ahead with its “One Disney” restructurin...

Within Disney Entertainment Television, nearly 100 positions are being eliminated, with the largest share hitting National Geographic across its cable channel, editorial teams, and operations departme...