El Espectador is the oldest newspaper in the country, founded on March 22, 1887 and, under the direction of Fidel Cano, it is considered one of the most serious and professional newspapers due to its independence, credibility and objectivity.
This article was curated by Santiago Buenaventura
May 21, 2024 – 3:29 pm
Visit website
The president of the company, Jim Morris, would have informed his team this Tuesday, May 21, that those affected will receive a notice at the end of the week. “Electronic invitations to speak with a manager have already been sent to affected individuals, and we anticipate that we will have connected with all of them by the end of the day,” Morris wrote.
(You may be interested: Dian confirmed the decision to fire workers; several would be saved from the situation)
After the COVID-19 pandemic, Pixar has been affected by the public’s preference for watching movies on streaming platforms, and precisely its latest feature films ‘Soul’, ‘Luca’ or ‘Red’, could only be seen on ‘Disney+ at its premiere. Although they eventually hit theaters a few months ago.
When the company wanted to return to theatrical releases after the pandemic, the films ‘Lightyear’, ‘Onward’ and ‘Elemental’ grossed much less than expected by Pixar, and specifically the latter reached US$496 million, although according to Variety, sIt is still less than what other previous films have grossed.
The layoffs that are now taking place iswere planned since last Januaryor, although it was then speculated that they would represent a cut 20% of the workforcea percentage that was not reached.
Read Also
“Despite the challenges our industry has faced in recent years, you have all contributed, collaborated, innovated, led and done a great job on this study. I give you my deepest gratitude, and for those who will leave us, I hope that our paths will cross again, both professionally and personally,” Morris concluded in the statement to his employees.
Read all the economic news today here.
