The reductions reflect a decision to refocus Pixar on feature films and move away from the production of TV series for the Disney+ streaming service.
Bob Iger is seeking ways to reduce costs as part of a plan to eliminate $7.5 billion in annual expenses. Walt Disney Co.’s Pixar subsidiary, the pioneering animator that made Toy Story and Finding Nemo, is cutting 14% of its staff, part of an ongoing belt tightening by its parent. Pixar President Jim Morris outlined the shift in a memo to employees that was seen by Bloomberg.
Disney Chief Executive Officer Bob Iger continues to seek ways to reduce costs as part of a plan to eliminate $7.5 billion in annual expenses. That has resulted in more than 8,000 job cuts. Last week, he said marketing outlays for the Disney+ streaming service will come under the knife.Bay Area and California add jobs in April — but the gains are puny
The cuts follow media reports in January that Emeryville -based Pixar would be eliminating some jobs. The studio cut 75 positions in June 2023. Like many film studios, the animation house has fallen on hard times in the aftermath of the Covid-19 pandemic. Filmmakers and theaters have struggled to lure fans back to the big screen, with box-office receipts running about a third below earlier levels.
Three Pixar films were released online during the pandemic, while the most recently theatrical release, Elemental, delivered one of the studio’s lowest US openings ever. The picture went on to deliver $496.4 million in global ticket sales.Miss Manners: My son was invited to a dance and then hit with the billAsk Amy: It would be wrong for me to keep this money. My husband insists we need it all.Ask Amy: It was a lovely wedding. And then we got the email from the bride.
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