Pixar cuts staff in retreat from streaming ...Middle East

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Pixar cuts staff in retreat from streaming
LOS ANGELES: Animation studio Pixar is laying off about 14 percent of its staff as the Disney-owned studio retreats from making content for streaming.The loss of about 175 jobs, first reported by The New York Times on Tuesday, was less than initially expected when Disney warned it would reduce costs at Pixar earlier this year.In an internal memo cited by the Times, Jim Morris, the president of Pixar, told employees the studio would “return to our focus on feature films.”Pixar, once Disney’s crown jewel, has struggled since the catastrophic release in 2022 of “Lightyear”, a spin-off of the “Toy Story” movies. Its following release “Elemental” also disappointed at the box office.In the same pe

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