Pixar is laying off 14% of its workforce as Disney scales back content

Around 14% of Disney's Pixar Animation Studio's workforce, or around 175 employees, are being laid off.

The cuts are part of Disney CEO Bob Iger's overarching mandate to focus on quality content, not quantity.Bloomberg | Getty ImagesPixar will lay off about 175 employees, or around 14% of the studio's workforce, a spokesperson for parent companytold CNBC. The cuts come as CEO Bob Iger works toward his overarching mandate to focus on quality content, not quantity.

Iger, who returned to the mantle of CEO in late 2022, has been working to reverse the company's box office woes, spurred both by the company's content decisions and pandemic shutdowns. While Disney has seen mixed box office success with a number of franchises, including the Marvel Cinematic Universe, its has faced a challenge getting its animated features to resonate with audiences.

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