the studio pixarfrom the walt disneylaid off 75 employees, according to sources at the Reuters. The cut, carried out on May 23, was one of the first significant layoffs at the studio in a decade.
Angus MacLane, the director of “Lightyear,” which was a box office disappointment, was one of those fired. The animator has a 26-year career in the field and was part of the senior creative team on films such as “Toy Story 4” and “Coco”.
Galyn Susman, producer of “Lightyear”, also left. Susman had been at Pixar since the release of the first “Toy Story” in 1995.
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The cuts are part of a plan announced by Walt Disney CEO Bob Iger to eliminate 7,000 jobs and cut $5.5 billion in costs.
Pixar’s current employee base is around 1,200 people. The layoffs were considered relevant as the studio generates franchises and characters that bring revenue to Disney.
Disney bought Pixar in 2006 to revitalize its failing animation unit.
*With Reuters
Source: Moneytimes
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