Pixar

Pixar Animation Studios is a wholly owned subsidiary of The Walt Disney Company. The studio has been repeatedly recognized as the winner of the Academy Award® Award and is known all over the world for its technical, creative and production capabilities in the art of computer animation. The Northern California studio has created some of the most successful and beloved animated films of all time, including: Toy Story, Monsters Corporation, Cars, The Incredibles, Ratatouille, WALL • I, Up, Toy Story 3, Braveheart and Puzzle.

The studio's films have won the Academy Awards® 31 times and have earned a total of more than $10 billion worldwide. Finding Dory, Pixar's 17th feature, started at the box office on June 17, 2016, and its opening weekend US box office tally set a record for animated pictures.

History

2024

Dismissal of 14% of employees

On May 21, 2024, animation studio Pixar announced a reorganization, during which the number of personnel will be reduced by about 14%. It would mark the biggest wave of layoffs in the history of Pixar - a subsidiary of Walt Disney.

It is said that about 175 people will lose their jobs. As part of the restructuring, Pixar will close a number of projects, in particular, stop creating original shows for the Disney + streaming service. The cuts are part of Disney CEO Bob Iger's massive program to focus on the quality of content, not the quantity. Pixar is expected to focus on feature films that will be shown in theaters and then become available to home viewers via Disney +.

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The decision to reorganize was made due to problems that arose in the industry. They, in particular, are caused by the COVID-19 pandemic, due to which cinemas around the world have closed. The layoffs, according to The Hollywood Reporter, were announced by Pixar President Jim Morris. According to him, the animation studio will provide comprehensive support to all workers who have fallen under the reduction. It will include monetary compensation and other due payments.

Over the past year, I've talked many times about our upcoming move away from producing series for Disney +, shifting the focus to feature films and cutting the team. This day has come. And while it is not a surprise to anyone, it is one of the most difficult changes we have had to make as layoffs mean we will have to part ways with many talented and dedicated colleagues and friends. I express my deepest gratitude to you, "Morris wrote[1]

Pixar animation studio is laying off 20% of employees because it has fewer projects

On January 11, 2024, it became known that the American studio Pixar Animation Studios, owned by Walt Disney, is reducing the number of personnel. This is due, among other things, to a decrease in the number of projects.

According to TechCrunch, citing information received from knowledgeable sources, the layoffs will be significant and could amount to up to 20% of the state. Thus, the team of 1,300 employees will be reduced to about 1,000 people. It is noted that Pixar itself confirmed information about the upcoming organizational changes, but noted that these figures are "too high." The exact number of workers to be reduced will be determined based on how many employees are needed to implement projects already approved. In addition, the production schedule will be taken into account.

Pixar Animation Studios cuts headcount

The animation studio added that the layoffs will occur during 2024. In this situation, Pixar will focus on producing "less content." It is also known that the cuts will affect employees hired to create content for Disney +, a streaming service that does not make a profit as of early January 2024.

Reuters confirms Pixar is planning a reorganization. It is clarified that the animation studio has completed the production of some shows, and a number of employees who were involved in these projects are no longer in demand. Disney CEO Bob Iger made it clear that the company will reduce the amount of streaming content that it creates itself in an attempt to contain costs.

Pixar studio has hired additional staff to complete a number of streaming series, and since production is complete, the company has more staff than needed, a Reuters source said.[2]

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