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Pixar Animation Studios announces the layoff of 175 employees, a move that impacts over ten percent of its workforce. This significant reduction in staff comes as the studio undergoes a restructuring effort aimed at adapting to the evolving entertainment landscape and the financial pressures facing the industry.
The layoffs affect a broad range of departments within Pixar, including animation, production, and administrative roles. The decision is part of a broader cost-cutting initiative by Disney, Pixar's parent company, which is looking to streamline operations and increase efficiency in response. . .
