financetom
Business
financetom
/
Business
/
Pixar Animation to lay off about 14% of workforce
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pixar Animation to lay off about 14% of workforce
May 21, 2024 8:31 AM

May 21 (Reuters) - Pixar Animation Studios on Tuesday

began laying off about 14% of its workforce as it scales back

development of original streaming series, according to a source

familiar with the development.

Approximately 175 people will be impacted by the job cuts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Gilat Satellite Networks Receives $6 Million Military Communications Contract
Gilat Satellite Networks Receives $6 Million Military Communications Contract
Mar 5, 2025
09:07 AM EST, 03/05/2025 (MT Newswires) -- Gilat Satellite Networks ( GILT ) said Wednesday it received a $6 million contract to supply its SkyEdge II-c satellite communications platform to an unnamed military customer in the Asia-Pacific region. The company said the system is expected to support stationary and mobile defense sites with secure connectivity. Delivery is expected within the...
Wall Street Set to Open on Flat Note Wednesday as Investors Look for Signs of Tariff Relief
Wall Street Set to Open on Flat Note Wednesday as Investors Look for Signs of Tariff Relief
Mar 5, 2025
09:13 AM EST, 03/05/2025 (MT Newswires) -- US stocks were treading water ahead of Wednesday's trading session as investors look for any signs of US tariff compromises, and parse employment data that came in well below expectations. The Dow Jones Industrial Average futures fell 0.07% higher, S&P 500 futures were down 0.02%, and Nasdaq futures were rising 0.20%. Non-farm payroll...
EMERGE's truLOCAL Brand Net New Subscriptions Almost Triple in February on
EMERGE's truLOCAL Brand Net New Subscriptions Almost Triple in February on "Support Local" Movement
Mar 5, 2025
09:14 AM EST, 03/05/2025 (MT Newswires) -- EMERGE Commerce ( EMCMF ) , a Canadian e-commerce brand portfolio which fell 10% on Tuesday, said on Wednesday that truLOCAL, its premium meat and seafood subscription brand, saw a 193% y-o-y increase in net new subscriptions in February, following the growing Support Local movement seen in Canada. The company said truLOCAL benefited...
Baige Files For Hong Kong IPO But Eroding Margins Raise Concerns
Baige Files For Hong Kong IPO But Eroding Margins Raise Concerns
Mar 5, 2025
The company has filed to list in Hong Kong after substantially growing revenue in the last two years, but at very thin margins Key takeaways: Baige has filed for a Hong Kong IPO, offering risk management services for insurers The company's revenue has grown substantially since 2022, but its margins are razor-thin due to its complex business model Risk management...
Copyright 2023-2026 - www.financetom.com All Rights Reserved