Pixar layoffs are underway. About 175 jobs are being cut

Walt Disney Co.-owned computer animation studio Pixar is laying off 14% of its staff, as it cuts back on the number of streaming series it produces. The layoffs, which will affect about 175 employees, were signaled as far back as January. Reports then suggested that the studio could cut up to 20% of its staff. However, a person familiar with the matter, who was not authorized to comment, said at the time that those estimates were too high. The cutbacks at Pixar come as the Walt Disney Co.

has embarked on a major, company-wide cost-cutting effort stemming from the Burbank media and entertainment giant's plan to stem losses from its streaming business and save money. Emeryville, Calif.-based Pixar, in particular, has also struggled to break out of a pandemic-induced slump at the box office. While the storied computer animation studio known for 'Toy Story,' 'Finding Nemo' and 'Up' once churned out hit after hit, its recent performance has been mediocre.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Houston Heights storm recovery: 175-foot crane needed to remove giant tree from roof of home'It [sent] a huge shockwave through my house,' one Heights resident said after coming home to find his three-story Sycamore tree ripped from its roots and resting against its house.
Source: abc13houston - 🏆 255. / 63 Read more »

Teen dies after being struck on shoulder of US 175 service roadA teenager died after he was struck by a car on a service road in Dallas County.
Source: dallasnews - 🏆 18. / 71 Read more »

Landmark San Francisco restaurant Tadich Grill turns 175As California's oldest restaurant turns 175, its owners are committed to keeping Tadich Grill serving downtown San Francisco diners for decades to come.
Source: KPIXtv - 🏆 443. / 53 Read more »

Clayhatchee's Providence Baptist Church celebrates 175 yearsUSC has been the subject of student protests over the war in Gaza and the administration’s decision to cancel a commencement speech by a Muslim student who had expressed support for Palestinians (Scripps News).
Source: dothaneagle - 🏆 337. / 59 Read more »

A former Utah lawmaker, who ran for office and in more than 175 marathons, diesFormer Utah legislator Richard Carling, an avid marathoner, has died.
Source: sltrib - 🏆 316. / 61 Read more »

Pixar is laying off 14% of its workforce as Disney scales back contentAround 14% of Disney’s Pixar Animation Studio’s workforce, or around 175 employees, are being laid off.
Source: NBCNewYork - 🏆 270. / 63 Read more »