[1/2] A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017.
REUTERS/Brendan McDermidJune 3 (Reuters) - Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade.
Susman had been at Pixar since the release of the original “Toy Story” movie in 1995.
The cuts, which took place May 23, are part of Walt Disney Chief Executive Bob Iger’s previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs.
Disney acquired Pixar in 2006 to revitalize its struggling Disney Animation.
Persons:
Brendan McDermid, Walt Disney's, “, Angus MacLane, “ Coco, ” Galyn Susman, Susman, Michael Agulnek, Bob Iger’s, ”, Bob Peterson, Dawn Chmielewski, Cynthia Osterman
Organizations:
Walt Disney Company, New York Stock Exchange, REUTERS, Pixar Animation Studios, Pixar, Walt Disney, Disney Entertainment, Disney, Disney Animation, Thomson
Locations:
New York, U.S