Pixar reportedly laid off about 14% of its staff on Tuesday as the animation studio owned by Disney attempts to reorganize to focus on films. Approximately 175 employees were let go. Pixar president Jim Morris send a memo to staff that all of the affected employees would be notified by the end of the day, Variety reported. It is the second round of cuts in less than a year. 75 people were laid off last June. Analysts have cited Disney’s decision to bypass theaters and release animated features directly to Disney+ during the pandemic as a major factor that has caused Pixar to struggle. Movies r…
