Disney Eliminates Two Pixar Executives, 75 Positions In Response to 'Lightyear' Box Office Loss

Pixar Animation Studios cut 75 jobs including two executives who worked on the film Lightyear.
The layoffs are part of Disney CEO Bob Iger's plan to cut costs by eliminating 7,000 positions and $5.5 billion in spending.
Pixar is usually a major creative and financial contributor to Disney, so the cuts are significant.
Lightyear had a $200 million budget but only made $226.7 million at the worldwide box office, resulting in a loss of around $106 million for Disney.
Pixar last cut jobs in 2013 after delaying the release of The Good Dinosaur.