Home World Pixar cuts about 175 jobs as part of wider Disney effort

Pixar cuts about 175 jobs as part of wider Disney effort

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By Thomas Buckley | Bloomberg

Walt Disney Co.’s Pixar subsidiary, the pioneering animator that made Toy Story and Finding Nemo, is cutting 14% of its staff, part of an ongoing belt tightening by its parent.

About 175 employees are getting layoff notices Tuesday, the company said.

The reductions reflect a decision to refocus Pixar on feature films and move away from the production of TV series for the Disney+ streaming service. Pixar President Jim Morris outlined the shift in a memo to employees that was seen by Bloomberg.

Disney Chief Executive Officer Bob Iger continues to seek ways to reduce costs as part of a plan to eliminate $7.5 billion in annual expenses. That has resulted in more than 8,000 job cuts. Last week, he said marketing outlays for the Disney+ streaming service will come under the knife.



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