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Pixar Hit With Layoffs as 175 Staffers Cut
Pixar was hit with layoffs on Tuesday as approximately 175 employees, or 14% of its workforce, were let go.
Once considered the gold standard of family films, Pixar has been struggling since the pandemic, when its corporate overlords at Disney used the pedigree of the animation brand to prop up its new streaming service. During that period, new offerings “Soul,” “Luca” and “Turning Red” were sent directly to Disney+ and family audiences became accustomed to expect those movies at home. However, exhibitors believe the studio’s upcoming sequel “Inside Out 2” on June 14 will have the humor and charm to recapture the animation company’s luster.
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