Pixar Animation Studios announced Tuesday that it is laying off about 14% of its workforce, which equates to 175 employees.
The layoffs by the studio, owned by the Walt Disney Company, mark the biggest shakeup in its employment since it was created. These layoffs are also part of a wider move by Disney CEO Bob Iger to restructure the company to focus more on quality over content output.
“Today, leaders will begin the process of notifying employees whose positions are being impacted,” Pixar President Jim Morris said in a memo. “Calendar invites to speak with a leader have already gone out to those individuals, and we anticipate we will have connected with everyone impacted by the end of the day.”
The studio, known for animated films including Toy Story, Finding Nemo, and The Incredibles, announced that it plans to
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