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Pixar expected to announce layoffs early in 2024

Disney's Pixar is among the latest companies to announce layoffs coming in 2024. Currently the scope of the layoffs is unknown.

Pixar, a subsidiary of Disney, is the latest in a long line of firms facing layoffs in 2024, reports TechCrunch. The scope of the layoffs and the number of staff who will be affected is being decided based on production schedules and future films that have already been greenlit. Analysts believe that the release of several huge Pixar movies (such as ‘Soul’ and ‘Turning Red’) on Disney+ instead of in cinemas has “trained audiences to expect big, hot Pixar content at home.” Speaking to TechCrunch, Brandon Katz of Parrot Analytics continued, “Retraining the audience to re-embrace the theatrical experience and prioritize that…takes time.”

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