Reported 6 months ago
Pixar Animation Studios is laying off about 14% of its staff as Disney aims to cut costs and reduce content created for streaming platforms, focusing more on feature films released in theaters. This decision follows a previous wave of layoffs by Disney last year to enhance profitability. The move suggests a shift in Disney's strategy and priorities, reallocating costs to meet targets amidst pressure from activist campaigns. Pixar's successful films and series for Disney Plus, like "Soul," "Turning Red," and "Luca," have contributed to building the streaming service's customer base, but now the focus will shift away from producing original content for Disney Plus.
Source: YAHOO