Disney's Pixar lays off 175 employees, about 14% of workforce, to prioritize quality content.

From CNBC: 2024-05-21 11:59:45

Pixar Animation Studios lays off 175 employees, around 14% of workforce, as CEO Bob Iger aims to prioritize quality content over quantity. Iger seeks to reverse Disney’s box office struggles by refocusing on theatrical releases and moving away from short-form series on Disney+. Previous layoffs in other Disney businesses were delayed due to production schedules. Despite challenges, Pixar aims to resonate more with audiences and boost box office success.



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