Disney's Pixar lays off 60 Artist because of the Delay of "The Good Dinosaur" release is blamed for round of cutbacks.

Disney subsidiary Pixar is laying off up to 5% of its 1,200 employees after it pushed back the release of "The Good Dinosaur" to November 2015 from next May.

The Walt Disney Co. released a statement saying Pixar is always re-evaluating its creative and business needs.
"With the release date change of 'The Good Dinosaur,' we have realigned our production and support priorities, which (include) a small reduction in our staffing levels,

The delay of "The Good Dinosaur" means 2014 will be the first year since 2005 that Pixar hasn't released an animated movie.

source: animation-boss
Posted by click3d