Pixar cuts 14 percent of workforce, shifts focus back to feature films
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Like parent company Disney, Pixar is now laying off employees as part of Bob Iger’s big plan to get the company’s spending under control.
According to Variety, Deadline, and The Hollywood Reporter, Pixar is laying off 175 staffers — 14 percent of its workforce — as it shifts its focus back to projects meant for theatrical rather than streaming releases. These layoffs come months after Disney began dismissing employees by the thousands in an effort to reduce spending by around $5.5 billion. Though Pixar was never guaranteed to be shielded from the layoffs, it was able to avoid them last year due to production schedules that were already in place at the time.
In a memo sent to staff on Tuesday, Pixar president Jim Morris stressed that the...