DIS - Disney's Pixar Animation Studios to Trim Workforce After Wrapping Productions: Report | Benzinga
In response to an overstaffing situation, Walt Disney Co’s (NYSE:DIS) Pixar Animation Studios is reportedly planning to reduce its workforce.
What Happened: A source familiar with the matter informed Reuters that Pixar, having wrapped up the production of certain projects, has more staff than required. Consequently, the studio is looking to lay off employees.
Notably, tech news site TechCrunch had previously reported that Pixar was looking at staff reductions of up to 20% in the coming months.
The source, however, refuted this figure and clarified that Pixar has not yet finalized the number of job cuts or when they will occur. The layoffs are not expected to impact the studio’s theatrical output.
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The source added that Pixar’s Emeryville studio in California had staffed up to complete streaming series, leading to the current overstaffing issue as these projects conclude.
At the time ...