The animation studio had hired additional staff to create original series as the former #Disney CEO #BobChapek pushed each of the company’s creative units to produce exclusive content for Disney+.

Chapek’s successor, #BobIger, has scaled back spending on #OriginalStreamingContent to lift Disney+ to profitability.

Disney’s #Pixar to cut 14% of workforce as it scales back original streaming content
https://www.theguardian.com/film/article/2024/may/21/disney-pixar-layoffs

Disney’s Pixar to cut 14% of workforce as it scales back original streaming content

Approximately 175 people to be affected by layoffs as CEO Bob Iger returns studio’s focus exclusively to feature films

The Guardian