Pixar Studios Hit with More Layoffs as Part of Disney’s Company-Wide Cost-Cutting Measures
Pixar Studios underwent a significant workforce reduction on Tuesday, laying off roughly 14% of its employees. This translates to approximately 175 positions eliminated.
Related – Pixar Studios to Undergo Reported Layoffs
Pixar recently underwent a workforce reduction, impacting around 14% of its employees. This news comes after months of anticipation following initial reports in January suggesting possible layoffs. The actual cuts were less severe than the speculated 20%.
Pixar president Jim Morris sent a note to staff saying that individuals who have been impacted by the layoffs will be notified on Tuesday. “Calendar invites to speak with a leader have already gone out to those individuals, and we anticipate we will have connected with everyone impacted by the end of the day,” he wrote.
Pixar, once a powerhouse animation studio, has faced challenges since the pandemic. Disney’s streaming focus and recent box office flops like “Lightyear” suggest a decline. While “Elemental” performed better than expected, it fell short of past successes.
“During COVID, we trained audiences to watch our movies on Disney+. I won’t say there was a lot of choice,” Morris said last summer. “For periods of time, it was the only thing we could do. We have a little work to unring the bell and motivate families to go to the theater and not wait a few months to see it on Disney+.”
Pixar looks to bounce back with the upcoming theatrical release of “Inside Out 2” in June, hoping to recapture its magic with audiences. Excitement is building for this sequel, and Pixar also has “Elio” slated for 2025 and “Toy Story 5” in 2026. The studio behind classics like “Finding Nemo,” “Up,” and “The Incredibles” aims to reignite its animation powerhouse status.
Morris ended the staff memo saying, “Despite the challenges in our industry over the past few years, you have all consistently shown up to contribute, collaborate, innovate, lead, and do great work at this studio. I give you my deepest thanks, and for those who will be leaving us, I am hopeful that our paths will cross again, both professionally and personally.”
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