Disney's Pixar to cut 14% of workforce as it scales back original streaming content

Pixar Animation Studios, which produced such classic films as Toy Story and Up, began laying off about 14% of its workforce on Tuesday as it scales back development of original streaming series, according to a source familiar with the development.Approximately 175 people will be affected by job cuts at the Walt Disney Company unit.The animation studio had hired additional staff to create original series as the former Disney CEO Bob Chapek pushed each of the company’s creative units to produce exclusive cont ...