Pixar Animation to lay off about 14% of workforce

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Pixar Animation to lay off about 14% of workforce
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Wong used to face accusations of dating Tarzan Ip for his money – a claim she firmly rubbished and found to be 'frustrating'.

Pixar toys from Mattel are pictured in the Manhattan borough of New York City, New York, U.S., February 21, 2020. REUTERS/Carlo Allegri/File Photo

-Pixar Animation Studios, the studio behind such classic films as"Toy Story" and"Up," began laying off about 14% of its workforce Tuesday as it scales back development of original streaming series, according to a source familiar with the development.The animation studio had ramped up production of original series as former Walt Disney CEO Bob Chapek pushed each of the company's creative units to produce exclusive content for Disney+.

Pixar will return its focus exclusively to feature films, which will screen in theaters before becoming available in homes via Disney+. A single original series,"Win or Lose," about a co-ed softball team, will appear this year on Disney+.Micron lifts 2024 capex forecast on rising investment in AI-related chips

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