This round of job cuts, affecting 75 employees, marks the first significant reduction in the studio's workforce in a decade
Pixar Animation Studio has made the decision to eliminate 75 positions, which includes Angus MacLane and Galyn Susman, the executives of the box-office disappointment, Lightyear.
75 people have been laid off from Pixar today, including Galyn Susman who saved 'TOY STORY 2' and Angus MacLane. pic.twitter.com/DuwS3mXfbf
— Cartoon Base (@TheCartoonBase) June 3, 2023
Lightyear, a Toy Story spin-off released in 2022, marked Angus MacLane's directorial debut. Despite having a production budget of $200 million, the film only grossed $226.4 million, resulting in a significant loss of approximately $106 million for the studio. The film was declared a box-office flop, with critics praising certain aspects but criticizing the screenplay.
Angus MacLane and Galyn Susman For Everything You’ve Done At Pixar! We are internally Grateful! pic.twitter.com/0CSnQTkDCa
— Raul Alcantar (@RAlcantarA113) June 3, 2023
This round of job cuts, affecting 75 employees, marks the first significant reduction in the studio's workforce in a decade. Pixar was acquired by Disney in 2006, and earlier this year, Disney's chief executive announced plans to lay off 7,000 jobs and reorganize the company into three separate divisions to reduce costs by $5.5 billion.
The last major job cut at Pixar occurred in 2013 when around 30 individuals, including director Bob Peterson of The Good Dinosaur, were let go, resulting in the film's delay.
While many sympathize with MacLane and Susman, some agree with Pixar's decision, citing the failure of Lightyear as a factor.
Disclaimer: This Article is auto-generated from the HT news service