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Pixar to lay off 175 workers as it returns focus to feature films
The Straits Times
|May 23, 2024
LOS ANGELES Pixar will stop making original shows for Disney+ as part of a broader retrenchment, resulting in layoffs that will reduce its workforce by 14 per cent.
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Pixar president Jim Morris announced the layoffs in an internal memo on May 21 that was viewed by The New York Times. He cited "the return to our focus on feature films".
About 175 employees will be let go. Questions about Pixar's health have swirled in Hollywood and among investors since June 2022, when the studio, owned by The Walt Disney Co, released Lightyear to disastrous results.
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