Pixar Is Laying Off 5%

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Pixar is laying off up to 5% of 1,200 employees after pushing back the release of “The Good Dinosaur” to November 2015.  The film was supposed to arrive next May.  Disney released a statement saying that Pixar is constantly re-evaluates their creative and business needs.

“With the release date change of ‘The Good Dinosaur,’ we have realigned our production and support priorities, which (include) a small reduction in our staffing levels,” said Disney in a statement.  The layoffs happened earlier this week.

The year 2014 will be the first year that Pixar will not release an animated movie since 2005.

 

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