The Strategist

Pixar cuts staff for the first time in 10 years

06/05/2023 - 10:23

Pixar animation studio has laid off 75 employees. This is the first round of layoffs at the business in ten years, according to Reuters.

Tyler via flickr
Tyler via flickr
Among those let go are actor and director Angus MacLane and producer Galyn Susman. They worked on the studio's most recent big release, the Lightyear animated movie. The $200 million budget animation failed as it only made $226.7 million at the global box office and garnered negative reviews, according to Reuters. Michael Agulnek, Vice President of Pixar, has also been fired, according to Reuters sources.

The cuts were made on May 23. According to Reuters, they were a part of Disney CEO Bob Iger's proposal to eliminate 7,000 jobs and $5.5 billion in spending (Disney owns Pixar).

Despite the fact that there are just 200 employees at Pixar, the layoffs are making headlines since Pixar is a creative division that develops brands and characters that bring in money for the entire Disney company, according to Reuters.