Pixar Announces Major Layoffs Impacting 14% of Workforce
Disney's budget cuts lead to the largest staff reduction in Pixar's history, refocusing efforts on feature films over streaming content.
- Approximately 175 Pixar employees are being laid off, marking the biggest reduction in the studio's history.
- The layoffs are part of Disney CEO Bob Iger's strategy to prioritize quality over quantity in content production.
- Pixar will shift away from producing series for Disney+ to concentrate on feature films.
- The pandemic and direct-to-streaming releases have previously impacted Pixar's box office performance.
- Upcoming releases like 'Inside Out 2' are expected to boost Pixar's financial outlook.
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