Disney CEO Bob Iger’s firing spree came to a climactic end.
It was just announced that the Walt Disney Company had fired another 75 employees from the company. This news comes as a part of Bob Iger’s firing spree of 7,000 Disney employees in an effort to recoup money for the company. While it was previously reported that the last wave of Disney’s layoffs had been completed before memorial day, we now know the specifics about who was fired.
The 75 employees all worked for Pixar Animation Studios, and some of the fired were responsible for one of the studio’s biggest flops.
Massive Shakeup at Pixar Animation
This news is huge for Pixar Animation Studios as they have not experienced any significant job cuts like this in the last decade. Pixar is one of Disney’s most valuable assets; it has given the company some of its biggest hits.
Pixar has been a part of Walt Disney Animation Studios since it was acquired in 2006 for $7.4 billion. After becoming a part of Disney, Pixar Animation Studios went on to make history. Pixar was responsible for Toy Story, the first-ever fully computer-animated feature film. The studio would go on to create more hits like Finding Nemo, The Incredibles, Cars, Inside Out, and Coco. The studio earned 11 Academy Awards for Best Animated Feature and brought a lot of revenue into Disney’s Entertainment division.
How a Massive Pixar Flop Lead to This Mass Elimination
However, not all of Pixar’s films have been a success. Lightyear, a 2022 spinoff of the Toy Story franchise, is known as one of Disney’s biggest flops. The film was not received well by fans and lost the studio $106 million. Of the 75 employees fired, two of them were executives on the film Lightyear.
Angus MacLane, the director of Lightyear, and Galyn Susman, who produced the film, both lost their jobs. Both of these people have been a part of the company for a long time. Susman since 1995.
This is going to be a massive shake-up for Pixar, and many fans feel shocked by the news. As far as we know, this employee group may be the last of the employees fired by Disney during their mass layoffs.