Disney is undergoing significant changes in its streaming content strategy, leading to job cuts at Emeryville-based Pixar. CEO Bob Iger has announced the elimination of 175 positions at Pixar, aiming to save Disney $7.5 billion annually. This move follows Disney's decision to focus exclusively on feature films and reduce its streaming series output. The layoffs affect nearly 200 employees, reflecting the company's broader cost-cutting measures. Pixar had previously expanded its workforce to meet the demand for streaming releases such as 'Turning Red' and 'Luca.'
Pixar hired additional staff to keep up with such demand, with several films, including “Turning Red” and "Luca,” dropping straight to streaming. https://t.co/bJzvj25AAS
Bog Iger slashes another 175 jobs from "Toy Story" studio Pixar as he bids to save Disney $7.5 billion in annual expenses. https://t.co/GpP7wFZHW4
Disney’s Pixar cutting nearly 200 jobs, will focus exclusively on feature films, cut streaming series $DIS make normal content you fucking idiots
Warner Bros. Discovery CEO David Zaslav has ordered his lieutenants to find additional opportunities for cost-cutting in order to hit financial targets for the next couple years, people with knowledge of the matter said. https://t.co/01MC5xeRzD via @technology
Disney is tacking in a new direction when it comes to its streaming content, a move that's sent some of Emeryville-based Pixar's workers overboard. https://t.co/eEvyfDKU93