Pixar Animation To Lay Off ~14% Of Workforce
Portfolio Pulse from Benzinga Newsdesk
Pixar Animation is set to lay off approximately 14% of its workforce, according to sources cited by Reuters.
May 21, 2024 | 2:43 pm
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Pixar Animation, a subsidiary of Disney (DIS), is planning to lay off around 14% of its workforce. This move could be part of broader cost-cutting measures within Disney.
The layoffs at Pixar could indicate broader cost-cutting measures within Disney, potentially affecting investor sentiment negatively in the short term.
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