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Pixar to lay off 75 employees
Pixar is Emeryville is laying off 75 employees.
EMERYVILLE, Calif. - Emeryville-based Pixar, renowned for its animated films, issued layoff notices, marking the first time in a decade that such measures have been taken.
In an attempt to streamline its operations, Disney, the parent company of Pixar, has implemented a series of budget cuts that have impacted various divisions, including film and TV, streaming services, and even the beloved Disney theme parks.
A total of 75 positions are being eliminated at Pixar, affecting employees from different departments. Notably, two executives directly involved in the movie "Lightyear" have been included in the layoffs. The film, which failed to meet expectations at the box office, suffered underwhelming performance.
These two executives, the producer and the director, both worked on the "Toy Story" series.
The layoffs at Disney have cast a wide net, reaching almost every division within the company. This includes the film and TV departments, streaming services, and even the iconic Disney theme parks.