Bay Area's Pixar gears up for 2024 layoffs amid push for profitability

A giant model of Luxo Jr., Pixar’s iconic desktop lamp mascot, is seen at its campus in Emeryville, Calif. Pixar is gearing up for a round of 2024 layoffs, on Thursday. The company, which is , confirmed the layoff plans to TechCrunch, telling the outlet that it was still determining the number of positions to be eliminated, pending production schedules and staffing needs.

The news arrives on the heels of a push by Disney, ’s parent company, to boost profitability by jettisoning its expenses and laying off more than . Last year, Disney cut . Advertisement Article continues below this ad In 2023 the animation studio, famous for “Toy Story” and “Finding Nemo,” plans to release a which was set in San Francisco and was one of the films of 2015.

In 2025, the studio plans to release “Elio,” a film about a boy who accidentally gets sucked into space and works with aliens as an ambassador for planet Earth. Even though Disney CEO Bob Iger called purchasing Pixar of his acquisition decisions, the animation giant is not immune from its parent’s financial pressures.

In June 2023, in its , including a producer and director who worked on “Lightyear.” Later that year, the company of newly renovated office space on the sublease market. In an email to SFGATE, a Pixar representative declined to confirm the layoffs. | | | |.