Disney’s Pixar cutting nearly 200 jobs, will focus exclusively on feature films, cut streaming series

Pixar Animation Studios, which produced such classic films as “Toy Story” and “Up,” began laying off about 14% of its workforce Tuesday as it scales back development of original stream💃ing series, according to a source fam൩iliar with the development.

Approximately 175 people will be impacted by the job c🍌uts at the Walt Di൩sney unit.

The animation studio had hired additional staff tocreate original series as former Disney CEO Bob Chapek pushed each of the company’s creative units to produce exclusive content for Disney+.

Chapek’s successor, Bob Iger, has scaled back spending on original streaming content to lift Disney+ to profitability. The company’s entertainment division, which includes the Disney+ and Hulu streaming services, reported an operating profit in the most recent quarter.

Pixar will return its focus exclusively to feature films, which will screen in theaters before becoming available in homes via Disnꦜey+.

A single original series, “Win or Lose,” about a co-ed softball team, will appear this year on Disney+.

Reuters reported the first wave of layoffs last year nd earlier this year reported that a꧟nother wave of cuts were coming.