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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F&B OUTLETS PREPARING TO SCORE BIG
Some operators expect similar crowds to World Cup with fewer fans away in mid-year
PATHUM MOU GIVES RISE TO TIE-UPS
BG side could join Sâpore cup competitions; local players have chance to train in Thailand
Mcllroy's superb start down to elite grouping
Inspired by playing alongside top rivals, Rory McIlroy grabbed a share of the US Open lead on June 13, saying that he has boosted his chances to end a 10year Major drought.
GOLDEN MONKEY IN THE HUNT
Win on June 16 will be perfect launch pad ahead of final four Group races at Kranji
OCBC's offer for Great Eastern 'not fair but reasonable', says EY
It advises that shareholders accept offer; closing date extended by 2 weeks
Climate funding talks stuck ahead of COP29 summit
Worldâs biggest economies disagree over who should be paying most, and how much
At 78, Trump, like Biden, shows signs of slowing down
His team is trying to make voters forget that he is just 3!2 years younger than his rival
India's Congress party rejuvenated by strong election showing
But challenges remain, with leaders saying the party remains weak organisationally
Israel hits Gaza as tensions surge on Lebanon border
Army says its artillery, aircraft hit launch sites of projectiles fired into southern Israel
Kuwait fire leaves 24 families in India's Kerala state bereft
From a father-of-two who planned to leave his job to a 29-year-old due to visit his family in August, two dozen Indians from the southern state of Kerala died in a fire that ripped through a labour-housing facility in Kuwait on June 12, leaving their families bereft.
