Disney recently laid off 7,000 company-wide employees, including 75 positions at Pixar, the animation studio’s largest layoff since 2013.
The restructuring plan, originally announced by Disney CEO Bob Iger in February, was implemented on May 23, aimed at consolidating the company’s film and television divisions and saving $5.5 billion in costs.according to Reuters, light years Director Angus MacLane and longtime producer Galyn Susman — credited for rescuing the 1999 flick toy story 2 They were among those eliminated from the animator’s 1,200-strong staff after nearly all of the film’s files were accidentally deleted during production.
The decision follows the release of the 2022 issue Toy Story spinoff movie light years, which barely topped a $200 million budget, grossed $226.7 million worldwide, received poor reviews and had at least one case of an existential crisis.Likewise, Disney’s last round of Pixar layoffs kicked off in 2013 after production delays and a creative overhaul in 2015. good dinosaur.
In addition to the recent personnel changes, Disney has also begun to purge a large amount of content from Hulu and Disney+ to address the loss of 2.4 million subscribers on the latter streaming media. The two platforms will merge into a “single app experience” later this year.
Despite relatively significant changes at the animation studio, Pixar still has several high-profile projects in the works, including this summer’s elementone Inverted sequel, Toy Story 5and Frozen 3.