Disney's Pixar cuts jobs, including 'Lightyear' executives.
Pixar Animation Studios, a subsidiary of Walt Disney, has eliminated 75 positions, including two executives behind the box office disappointment "Lightyear." The cuts are part of Walt Disney's plan to eliminate 7,000 jobs and slash $5.5 billion in costs. While small compared to Pixar's employee base of about 1,200, the layoffs are notable because the studio is a creative force generating franchises and characters that drive revenue across Disney.