Overview

• Disney CEO Bob Iger's cost-cutting measures lead to Pixar's largest restructuring ever.
• Around 175 Pixar employees will lose their jobs, reducing the workforce by 14%.
• Pixar will shift away from direct-to-streaming series to concentrate on theatrical releases.
• Recent Pixar releases have struggled at the box office, prompting strategic changes.
• The layoffs are part of Disney's broader plan to save $5 billion by cutting jobs and non-content costs.