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Pixar Lays Off 14% Of Its Staff Due To Spending Cuts

News of the announcement comes before the release of Pixar's first animated series 'Win or Lose.'

Hard times hit the studio behind everyone’s childhood memories. Pixar will finally initiate staff cuts that were originally reported months prior. 

New Strategy

As initially reported by Deadline, the studio is set to cut 14% or around 175 staff members. This shouldn’t be entirely surprising, as CEO Bob Iger, who returned to his original position in November 2022, hasn’t been shy about pursuing a more disciplined streaming strategy. 

This is in complete contrast to previous CEO Bob Chapek, who put Pixar on the milking table with three back-to-back films and a TV series. While working on multiple films is hard enough, Pixar has never before worked on a series, which is an entirely different process. The series itself, Win or Lose, is still set for release later this year. 

Regardless of how Pixar’s first-ever series does, the company will still focus all of its future efforts on feature films. As NBC News reports, this is Pixar’s attempt “to focus on quality content, not quantity.” While Disney has been having a rough patch, its animation projects have been experiencing considerable setbacks and failing to meet expectations.

A Long Time Coming?

There are many factors contributing to this staff cut. Pixar has objectively failed to release a genuine hit in the last few years, and previous films, including Lightyear and Turning Red, have had disappointing openings. 

To be fair, however, these failures have been partially due to simultaneous release in theaters and streaming platforms. What’s more, numerous companies worldwide are experiencing similar staffing cuts due to the hiring bloat from the COVID-19 pandemic. 

Companies like Sony and even Microsoft have also had their share of staffing cuts this year. It’s also important to consider that Pixar has been increasing its numbers due to its focus on a series for the first time in the company’s history.

Stay tuned for more news on this developing story.

Win or Lose (2024) Disney+ Official Trailer

Source: Dead Talk Live

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A lover of gore and over the top violence, no movie can make my stomach squirm. The only thing better than a bloody death scene is a well choreographed stunt. Whether it be action or horror, if it has blood in it, then I've likely already seen it.
Matt Keyser is a recent graduate of Cal State Fullerton University with a bachelor's in Communications-Journalism. He is a freelance entertainment reporter with a focus on film and television. As a former senior programming coordinator for the Newport Beach Film Festival, Matt's experience with critiquing narratives and documentaries has helped showcase his passion for television and cinema through his writing.