Pixar is laying off 14% of its workforce as Disney scales back content

A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S.Long-expected layoffs are hitting Pixar Animation Studios today.Pixar will lay off about 175 employees, or around 14% of the studio's workforce, a spokesperson for parent company Walt Disney told CNBC. The cuts come as CEO Bob Iger works toward his overarching mandate to focus on quality content, not quantity.Layoffs hit other Disney businesses last year, but Pixar's cuts were delayed because of pr ...