{"id":2250406,"date":"2024-05-22T13:47:02","date_gmt":"2024-05-22T17:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-has-begun-major-layoffs-at-pixar-animation-studios\/"},"modified":"2024-05-22T13:50:42","modified_gmt":"2024-05-22T17:50:42","slug":"disney-has-begun-major-layoffs-at-pixar-animation-studios","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-has-begun-major-layoffs-at-pixar-animation-studios\/","title":{"rendered":"Disney Initiates Significant Layoffs at Pixar Animation Studios"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-has-begun-major-layoffs-at-pixar-animation-studios%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2250406&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Disney has\u2063 initiated major\u200c layoffs at Pixar Animation Studios as part of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lawsuit-alec-baldwin-had-no-reason-to-fire-gun-during-scene-being-rehearsed\/\" title=\"Lawsuit: Alec Baldwin Had No Reason to Fire Gun During Scene Being Rehearsed\">cost-cutting measures<\/a>, affecting nearly\u2064 200 employees. Despite \u200bthe restructuring, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/capitol-police-officers-issue-vote-of-no-confidence-for-top-leadership\/\" title=\"Capitol Police Officers Issue Vote Of No Confidence For Top Leadership\">top leadership<\/a> remains unaffected. This move aligns with Disney CEO Bob\u2063 Iger&#8217;s plan to focus on quality, reduce \u200dstreaming content, and optimize finances, aiming\u200c to save over $5 \u200cbillion in \u2064costs and reduce\u200d the global workforce by thousands. Disney has started significant layoffs at\u2062 Pixar Animation Studios, impacting almost 200 employees. While top leadership\u2064 is\u200b unharmed by the restructuring, this decision mirrors Disney CEO \u2064Bob Iger&#8217;s strategy to prioritize quality, decrease streaming content, and \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-eyes-crackdown-on-u-s-aid-groups-abuse-of-taxpayer-funds\/\" title=\"Senate to Crack Down on Misuse of Taxpayer Funds by US Aid Group\">enhance financial efficiency<\/a>. The goal is \u200bto save more than $5 billion in costs and reduce the global workforce substantially.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.dailywire.com\/news\/who-is-disneys-new-star-wars-director-the-queen-of-raunch-comedy\" target=\"_blank\" rel=\"noopener\">Disney<\/a> has begun major layoffs at <a href=\"https:\/\/www.dailywire.com\/news\/pixars-elemental-with-non-binary-character-flops-at-box-office-with-2nd-worst-opening-in-studio-history\" target=\"_blank\" rel=\"noopener\">Pixar<\/a> Animation Studios as part of proposed cost-cutting measures it announced earlier this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nearly 200 people, or <\/span><span style=\"font-weight: 400\">approximately 14 percent of the company\u2019s work force, will be let go as part of the biggest restructuring in the history of the studio, the <a href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/pixar-layoffs-hit-storied-animation-studio-1235904847\/\" target=\"_blank\" rel=\"noopener\">Hollywood Reporter<\/a> noted. However, none of the layoffs will affect top leadership, the outlet reported.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In January, <\/span><a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/disney-owned-animation-studio-pixar-poised-undergo-layoffs-2024-techcrunch-2024-01-11\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Reuters<\/span><\/a><span style=\"font-weight: 400\">  reported that the layoffs could go as high as 20%, bringing the total number of employees at the studio to under 1,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pixar will focus on its feature films and not on direct-to-streaming series, as had been the focus during the pandemic, THR noted. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The cuts are part of proposed changes by Disney CEO <a href=\"https:\/\/www.dailywire.com\/news\/disney-ceo-bob-iger-addresses-recent-marvel-and-pixar-flops\" target=\"_blank\" rel=\"noopener\">Bob Iger<\/a>, who said in 2023 that Disney planned to reduce streaming content, focus on quality, and cut its workforce by thousands to save money, as previously <\/span><a href=\"https:\/\/www.dailywire.com\/news\/disney-to-cut-thousands-of-jobs-to-save-money-as-desantis-set-to-take-control-of-companys-orlando-district-under-new-bill-report\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Variety <\/span><a href=\"https:\/\/variety.com\/2023\/biz\/news\/disney-layoffs-cost-savings-1235517203\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\">  in February 2023 that Iger said on the company\u2019s earnings call for the final quarter of fiscal year 2022 that the company will reduce its workforce by 7,000 employees.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The cut represents 3.2% of the company\u2019s 220,000 global workforce, the report said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company hopes to save more than $5 billion in costs, half of which is aimed at cutting back on \u201cnon-content costs,\u201d the report said. The company also is looking to cut back on sports by roughly $3 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI have enormous respect and appreciation for the dedication of our employees worldwide,\u201d Iger said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">14% of Pixar\u2019s employees will be laid off as part of Disney\u2019s cost-cutting measures.<\/p>\n<p>It will be the biggest restructuring in Pixar\u2019s history.<\/p>\n<p>(Source: <a href=\"https:\/\/t.co\/T98Rp0iWUu\">https:\/\/t.co\/T98Rp0iWUu<\/a>) <a href=\"https:\/\/t.co\/nugpFGzA0n\">pic.twitter.com\/nugpFGzA0n<\/a><\/p>\n<p>\u2014 DiscussingFilm (@DiscussingFilm) <a href=\"https:\/\/twitter.com\/DiscussingFilm\/status\/1792929342927863955?ref_src=twsrc%5Etfw\">May 21, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The report said that Iger laid out a new company structure for Disney comprised of three separate segments: Disney Entertainment, ESPN, and Disney Parks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In June last year, 75 jobs were cut at Pixar, including two executives responsible for the box office flop of \u201cLightyear,\u201d <\/span><a href=\"https:\/\/www.reuters.com\/business\/walt-disneys-pixar-animation-eliminates-75-positions-2023-06-03\/\"><span style=\"font-weight: 400\">Reuters<\/span><\/a><span style=\"font-weight: 400\">  reported. <\/span><span style=\"font-weight: 400\">The cuts included \u201cLightyear\u201d director Angus MacLane, a 26-year animator, and Galyn Susman, producer of \u201cLightyear,\u201d the outlet noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The studio \u2014 responsible for the popular \u201cToy Story,\u201d \u201cThe Incredibles,\u201d and \u201cCars\u201d franchises \u2014 suffered with the box office failure of \u201cLightyear.\u201d The animated film had a reported budget of $200 million and ended up only bringing in $<\/span><a href=\"https:\/\/www.boxofficemojo.com\/title\/tt10298810\/?ref_=bo_se_r_1\"><span style=\"font-weight: 400\">226.7 million<\/span><\/a><span style=\"font-weight: 400\">  in worldwide ticket sales. By comparison, \u201c<\/span><a href=\"https:\/\/www.boxofficemojo.com\/title\/tt0435761\/?ref_=bo_se_r_2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Toy Story 3<\/span><\/a><span style=\"font-weight: 400\">\u201d and \u201c<\/span><a href=\"https:\/\/www.boxofficemojo.com\/title\/tt1979376\/?ref_=bo_se_r_4\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Toy Story 4<\/span><\/a><span style=\"font-weight: 400\">\u201d each earned more than $1 billion globally.<\/span><\/p>\n<p><em>Ryan Saavedra contributed to this piece.<\/em><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disney has commenced significant layoffs at Pixar Animation Studios as part of cost-cutting measures announced earlier this year. Around 200 employees, constituting 14% of the workforce, will be affected in the largest restructuring in the studio&#8217;s history, noted the Hollywood Reporter<\/p>\n","protected":false},"author":219,"featured_media":2250407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2023\/05\/Disney-plus-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2250406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2023\/05\/Disney-plus-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2250406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2250406"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2250406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2250407"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2250406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2250406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2250406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}