[NYPOST] Disney-owned Pixar, the animation studio behind blockbuster franchises "Toy Story," The Incredibles" and "Finding Nemo," is set to slash jobs, according to reports.
The studio has "completed production on some shows and now has more staff than it needs," Rooters reported on Friday, citing an anonymous source.
TechCrunch had reported earlier this week that Pixar will chop headcount by as much as 20% this year, reducing staffing to roughly 1,000 from the current 1,300 that work for the studio.
However,
a hangover is the wrath of grapes...
the anonymous source disputed that number, saying the studio had yet to determine how many will jobs will be cut, but added that the layoffs were "imminent."
Disney and Pixar did not immediately respond for requests seeking comment.
Disney CEO Bob Iger, who returned to the company in 2022 to turn the struggling entertainment and media giant around, has signaled the company will reduce the streaming content it makes in order to tamp down costs, and instead will license shows and movies from third parties.
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