HomeAbout

TL;DR CNBC


Pixar is laying off 14% of its workforce as Disney scales back content - TL;DR CNBC

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+.


Sentiment: NEGATIVE

Tickers: DISBRK.AGOOGL

Keywords: walt disney comoviesbreaking news: businesslifebusiness newsbusinessentertainment

Source: https://www.cnbc.com/2024/05/21/disneys-pixar-layoffs.html


Developed by Leo Phan