New wave of layoffs at Pixar in 2024

Last summer, Pixar already eliminated 75 positions. According to media reports from Techcrunch and Reuters, an undetermined number of employees will also have to leave the company in 2024.

As several productions that were still in progress in 2023 are now being completed, speculation about the layoffs continues. Pixar's planned films include "Inside Out 2" in 2024 and "Elio" in 2025. Additional films are planned for 2026.

Disney's 2023 layoffs are part of the company's efforts to realize about $5.5 billion in cost savings. Goal of Disney a $3 billion annual reduction in non-sports content costs, within the next few years.

Source: www.variety.com