VOX - Disney's Pixar Cuts 14% Staff Shifts Focus to Potential Blockbuster 'Inside Out 2' | Benzinga
Walt Disney Co’s (NYSE:DIS) Pixar Animation Studios has started implementing the layoffs reported months ago, releasing approximately 175 staff members, constituting about 14% of its workforce.
These cuts primarily stem from Disney+ reducing its production of direct-to-consumer series. Since his return in November 2022, CEO Bob Iger has advocated for a more disciplined approach to streaming, the Deadline reports.
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Despite the challenges, Pixar has struggled to produce a significant hit across all demographics since the onset of COVID-19, with distribution strategies ...