Walt Disney’s Pixar Animation eliminates 75 positions – There are 75 job cuts at Walt Disney’s Pixar Animation Studios, including those of the director and producer of “Lightyear,” in the studio’s first major layoff over a decade.
Walt Disney’s Pixar Animation eliminates 75 positions
An animated veteran of 26 years who was part of the senior creative team on such acclaimed films as “Toy Story 4” and “Coco,” along with producer Galyn Susman, who has been at Pixar since the release of “Toy Story” in 1995, were among those laid off in a round of layoffs.
There was yet to be a response from MacLane or Susman. The sources said Michael Agulnek, Pixar’s vice president of worldwide publicity since 2015, was also laid off. An attempt to reach him for comment was unsuccessful.
Disney Chief Executive Bob Iger previously announced a plan to eliminate 7,000 jobs and cut $5.5 billion in costs. Disney Entertainment merged the film and television divisions and eliminated the distribution division in the restructuring.
Despite the studio’s small employee base compared to Pixar’s 1,200 employees, the layoffs are notable because Pixar’s franchises and characters drive Disney revenue.
There are many franchises that Pixar is famous for, such as “Toy Story,” “The Incredibles” and “Cars.” But “Lightyear,” released a year ago with a reported budget of $200 million, pulled in only $226.7 million in worldwide ticket sales and received mixed reviews.
It sold $1.2 billion worldwide in box office sales when Pixar’s “Incredibles 2” reportedly had a similar production budget in 2018.
Disney CEO Bob Iger announced his “strategic realignment” in February, and the cuts took effect on May 23. Layoffs are part of Disney’s cost-cutting efforts across its key divisions, affecting 7,000 employees. There will be a cost reduction of $5.5 billion for the company. As of October, Disney employed roughly 223,000 people, and Pixar accounted for about 1,200 of those positions.
It is expected that the “final round” of layoffs will begin before the summer, according to Iger’s memo to the company.
It is not something we take lightly that many colleagues and friends are leaving Disney,” Iger said in the memo. “Disney’s employees are among the world’s most talented and dedicated, and many of you bring a lifelong passion for the company to work.”
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