Pixar Lays Off Nearly 5% Of Staff

Up_2013Pixar Animation Studios has laid off less than 5% of its staff due to the delay of its upcoming film “The Good Dinosaur,” according to a company spokesperson.

Earlier this year, “The Good Dinosaur” was pushed back from its original release date of May 30, 2014, to Nov. 25, 2015, leaving the award-winning company without a film in 2014.

“At Pixar, we are constantly re-evaluating the creative and business needs of our studio,” a Pixar spokesman said. “With the release date change of ‘The Good Dinosaur,’ we have realigned our production and support priorities, which includes a small reduction in our staffing levels.”

The Emeryville-based animation house, owned by Walt Disney Studios, employees over 1,200 people.

Source: Variety