Pixar cuts staff in retreat from streaming

The loss of about 175 jobs was less than initially expected when Disney warned it would reduce costs at Pixar earlier this year. — AFP

LOS ANGELES: Animation studio Pixar is laying off about 14% of its staff as the Disney-owned studio retreats from making content for streaming.

The loss of about 175 jobs, first reported by The New York Times on Tuesday, was less than initially expected when Disney warned it would reduce costs at Pixar earlier this year.