14% Pixar workforce laid off due to Disney+ reducing direct-to-consumer series production.
Walt Disney's Pixar Animation Studios has begun laying off 14% of its workforce, releasing around 175 staff members. The cuts primarily stem from Disney+ reducing its production of direct-to-consumer series, with CEO Bob Iger advocating for a more disciplined approach to streaming. Pixar will focus on its feature films, particularly the upcoming release of "Inside Out 2".
May 21, 2024
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