The company’s management will lay off 175 people, 14% of the studio’s entire staff. The previous reductions took place last year in March 2023, when 75 employees lost their jobs.
Animation studio Pixar has begun laying off about 14% of its employees. It was reported by Reuters.
The studio has been known to take such action as it curtails development of original streaming series. The job cuts at the Walt Disney Co. unit. will affect approximately 175 people.
The animation studio hired additional staff to produce original series as former Disney CEO Bob Chapek pushed each of the company’s creative divisions to create exclusive content for Disney+.
Chapek’s successor, Bob Iger, cut costs on original streaming content to help bring Disney+ to profitability. The company’s entertainment division, which includes streaming services Disney+ and Hulu, posted an operating profit in the latest quarter.
Pixar will return exclusively to feature films, which will be released in theaters before being available to watch at home via Disney+.
Earlier it was reported that Electronic Arts (EA) is laying off employees worldwide, which will hinder the completion of the development of the game based on “Star Wars”.
Source: korrespondent
