Pixar Animation will lay off about 14% of employees

Pixar Animation Studiosproducer of classic films such as “toy story” And “Up”, started saying goodbye to me on Tuesday 14% of your staff as it winds down development of original streaming series, according to a source familiar with the situation.

Approximately 175 people will affect job cuts in the production division Walt Disney Co DIS.N.

Animation studio hired more staff to create original seriessince the previous CEO of Disney, Bob Chapekencouraged every creative department of the company to create content exclusive For Disney+.

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Disney Plus

Capek’s successor Bob IgerHa cost reduction in original streaming content to make Disney+ profitable. The company’s entertainment division, which includes streaming services Disney+ and Hulu, reported operating profit in the latest quarter.

Pixar will once again focus solely on art films, which will be released in theaters before hitting homes via Disney+. The only original series, “Win or Lose“, about a co-ed softball team, will premiere on Disney+ later this year.

Reuters reported the first wave of layoffs last year and reported earlier this year that another wave of layoffs was coming.


Source: Aristegui Noticias