Walt Disney's Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade.
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidPixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade.
MacLane and Susman could not be reached for comment. Michael Agulnek, Pixar's vice president of worldwide publicity since 2015, was also laid off, the sources said. He did not return a call seeking comment. While small compared to Pixar's employee base of about 1,200, the layoffs are notable because the studio is a creative force generating franchises and characters that drive revenue across Disney.
By contrast, Pixar's "Incredibles 2" in 2018, which was reported to have had a similar production budget, had worldwide box office sales of $1.2 billion.
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