Pixar is laying off 14% of its workforce as Disney scales back content
Publishing timestamp: 2024-05-21 12:52:56
Summary
Pixar Animation Studios is laying off about 14% of its workforce, or around 175 employees as part of Disney CEO Bob Iger's focus on quality over quantity. The layoffs come as Iger works to reverse Disney's box office woes and refocus Pixar on theatrical releases, moving away from short-form series for Disney+.
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Keywords: walt disney co, movies, breaking news: business, life, business news, business, entertainment,
Source: https://www.cnbc.com/2024/05/21/disneys-pixar-layoffs.html