freespinhaktuts| Disney cuts content spending, Pixar cuts 14% of its staff

Disney (DISfreespinhaktutsA spokesperson for.US) said on Tuesday that its Pixar Animation Studio will lay off about 175 employees, or about 14% of the studio's total workforce. The layoffs come as Disney CEO Bob Iger is working hard to achievefreespinhaktutsHis top priority is to focus on the quality of content, not the quantity.

Disney's other businesses also suffered layoffs last year, but Pixar's layoffs were delayed due to production schedules. Initially, it was reported that 20% of the animation studio's employees would be fired.

Iger, who returns to the helm of Disney at the end of 2022, has been committed to reversing the box office difficulties caused by the company's content decisions and the epidemic blockade. Disney's multiple movie franchises, including the Marvel Cinematic Universe, have had mixed box office results, but the company has found it challenging to get its animated features to resonate with audiences.

Since 2019, no Pixar or other Disney animated film has grossed more than $480 million globally. In comparison, just before the outbreak,"Dream of Dreams" grossed US$796 million in global box office,"Superman Story 2" grossed US$1.24 billion in global box office, and "Toy Story 4" grossed US$1.07 billion.

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