Disney eliminated thousands of positions last year, impacting workers in the divisions of Disney Parks, Experiences and Products, as well as Disney Entertainment and ESPN. Recently Pixar laid off employees. In this post, you will get all the information related to it.
Why Did Pixar Lay Off Employees?
There will be layoffs at Walt Disney’s Pixar Animation Studios in the upcoming months. News agency Reuters reported that the studio has completed production on some shows and now has more staff than it needs. That’s why Pixar laid off employees. The source said:
“Pixar’s Emeryville studio in California had hired staff to complete streaming series and as those shows complete production it has more staff than it needs.”
Pixar, which employs 1,300 workers, may lay off as many as 20% of its workforce this year, leaving less than 1,000 employees.
Pixar will undergo significant layoffs in 2024.
As many as 20% of employees could be laid off but Pixar says the number is still to be determined.
(Source: https://t.co/1YGjcqLaBA) pic.twitter.com/XYDN0DLGKG
— DiscussingFilm (@DiscussingFilm) January 11, 2024
The precise number of workers who may be let go is debatable, though as Pixar has not yet determined how many workers will lose their employment.
The report also stated that although the number of employment losses the studio anticipated is unknown, Pixar’s theatrical production is not anticipated to be impacted by the layoffs.
Disney’s Cost-Cutting Move: 7,000 Job Cuts Announced in 2023
In 2022, Disney CEO Bob Iger was rehired in an attempt to revive the business. In an attempt to save expenses, he hinted that the corporation may cut back on the streaming material it produces.
Two executives were among the 75 roles that Pixar removed in June of last year (2023). Disney said in 2023 that it would reduce employment by 7,000 people to save $5.5 billion in expenses.
There were rumors that the layoffs were a part of a bigger business reorganization. Disney executives at the time stated that they did not take the loss of 7,000 jobs or roughly 3% of the workforce, lightly.
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