Pixar is reportedly laying off 175 employees amid Disney's cost-cutting measures

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Pixar Studios, the renowned animation house, has been impacted by significant workforce reductions. The layoffs will reportedly be affecting approximately 175 employees, which is around 14% of Pixar’s total workforce.

 

This move is part of a broader strategy implemented by Disney, Pixar’s parent company, aimed at reducing overall costs. 

 

The Emeryville, California-based animation studio, which traces its origins back to the late Steve Jobs and was acquired by Disney in 2006, is now facing its largest restructuring throughout the studio’s history. 

 

The layoffs have not affected the top leadership, but have significantly reduced the overall staff strength, as part of Disney’s CEO Bob Iger's strategy to refocus on quality animation films, versus churning out content for Disney+ streaming service.

 

Before the reductions, Pixar had approximately 1,300 employees. The studio's employees had been bracing for layoffs since January. However, the actual cuts were smaller than the 20% reduction reported at the time. The layoffs are not exclusive to Pixar, as there were layoffs across all of Disney last year.

 

As Pixar navigates through these challenging times, one can’t help but wonder about the future of the animation industry. How will these layoffs impact the quality and quantity of Pixar’s future projects? We invite our readers to share their thoughts on this significant development.

 

 

Read more:

• https://www.animationmagazine.net/2024/05/pixar-staff-to-be-downsized-by-14-percent-as-disney-continues-to-cut-costs/
• https://www.newsweek.com/pixar-layoffs-disney-struggles-streaming-disneyplus-1860142
• https://variety.com/2024/film/news/pixar-layoffs-175-staffers-cut-1236011766/
• https://www.hollywoodreporter.com/business/business-news/pixar-layoffs-hit-storied-animation-studio-1235904847/

 

Image: Lynn Watson | Dreamstime.com