https://www.hollywoodreporter.com/business/business-news/pixar-layoffs-hit-storied-animation-studio-1235904847/

Major Pixar Layoffs, Long-Expected, Now Underway In Restructuring (Exclusive)

Roughly 14 percent of the workforce is cut as part of Disney's company-wide cost-cutting measures. The move is the biggest reduction in Pixar's history.

BY PAMELA MCCLINTOCK

The long-expected layoffs at Pixar Animation Studios have begun.

Today, leadership at the storied company that traces it origins to the late Steve Jobs and was bought by Disney in 2006 will notify employees of the reductions, The Hollywood Reporter has learned. It is the biggest restructuring in Pixar’s history, although top leadership isn’t impacted.

Approximately 14 percent of Pixar’s workforce, or around 175 employees, will be let go. Before the reductions, approximately 1,300 people worked at the animation studio.

The layoffs are part of Disney chief Bob Iger’s overarching mandate to return to a focus on quality, versus churning out content for streaming which was a priority for his sort-lived successor, Bob Chapek. Disney execs have talked about returning to a focus on quality during numerous earnings calls this year, saying creative teams across the company were stretched too thin in the arms race to feed streamers.