Pixar Is Laying Off 5%
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.