Disney Implements Major Layoffs at Pixar Amid Strategic Shift
Approximately 14% of Pixar's workforce will be cut as the studio refocuses on feature films and reduces streaming content.
- 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.