🧵 1. Pixar to lay off 175 employees, or 14% of workforce, as Disney shifts focus to quality content over quantity. Layoffs tied to CEO Bob Iger’s box office goals. #cinema
🧵 1. Pixar to lay off 175 employees, or 14% of workforce, as Disney shifts focus to quality content over quantity. Layoffs tied to CEO Bob Iger’s box office goals. #cinema
🧵 2. Layoffs at Pixar delayed due to production schedules; initially reported as 20%. Disney aims to reverse box office challenges amid pandemic closures.
🧵 3. Disney pivoted to streaming during pandemic, impacting theatrical releases. Audience perception of content shifted, affecting box office performance.
🧵 4. No Pixar or Walt Disney Animation features surpassed $480 million at global box office since 2019. Realigning focus under CEO Bob Iger’s leadership.
🧵 5. With Iger steering the ship, Pixar will prioritize theatrical releases and phase out short-form series for Disney+. Shift in strategy for content delivery.
🧵 Read more at: https://www.cnbc.com/2024/05/21/disneys-pixar-layoffs.html