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Disney's Pixar Animation to lay off about 14% of workforce

  • Pixar Animation Studios is laying off 175 employees, approximately 14% of its workforce, as CEO Bob Iger focuses on quality content over quantity, according to a source familiar with the development.
  • The job cuts at Pixar are a result of scaling back original streaming series development, affecting around 175 employees at the Walt Disney Co unit.
  • The layoffs coincide with CEO Bob Iger's goal to emphasize quality content at Pixar Animation Studios, a subsidiary of Walt Disney Co, the parent company confirmed to CNBC.
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Forbes broke the news in United States on Tuesday, May 21, 2024.
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