Pixar Animation Studios has recently made headlines due to the announcement of layoffs affecting around 175 employees. This decision comes as CEO Bob Iger shifts the studio's focus exclusively to feature films. The move is part of a broader strategy to streamline operations and enhance the studio's core business of creating animated movies.
Founded in 1979 as part of Lucasfilm's computer division, Pixar has since become a pioneering force in the world of computer animation. Acquired by Steve Jobs in 1986, Pixar released its first feature film, "Toy Story," in 1995, marking the beginning of a string of critically acclaimed and commercially successful movies. In 2006, Pixar was purchased by The Walt Disney Company, solidifying its position as a powerhouse in the animation industry. Known for its innovative storytelling, cutting-edge animation techniques, and memorable characters, Pixar continues to captivate audiences worldwide with its imaginative and heartwarming films.