Pixar Animation Studios, which produced such classic films as Toy Story and Up, began laying off about 14% of its workforce on Tuesday as it scales back development of original streaming series, according to a source familiar with the development.
Chapek’s successor, Bob Iger, has scaled back spending on original streaming content to lift Disney+ to profitability.
A single original series, Win or Lose, about a co-ed softball team, will appear this year on Disney+.
The company’s entertainment division, which includes the Disney+ and Hulu streaming services, reported an operating profit in the most recent quarter.