Disney's Pixar To Cut Several Roles

Walt Disney's Pixar Animation Studios is likely to lay off employees after completing production on some shows, according to a source familiar with the situation.

According to TechCrunch, Pixar is expected to lay off up to 20 per cent of its workforce this year, reducing the studio's crew of 1,300 people to under 1,000 over the next few months. 

However, the unnamed source disputed that figure, stating that the studio had yet to establish how many jobs would be eliminated, but that layoffs were "imminent."

Disney CEO Bob Iger, who returned to the firm in 2022 to turn around the faltering entertainment and media conglomerate, has indicated that the company will restrict its streaming content production in order to cut expenses, instead licencing shows and films from third parties.

The movie studio, whose popular franchises gross more than $1 billion per film, has been impacted by the slow return of viewers to theatres following the pandemic.