The number of those let go is around 175, or 14% of the staff.

The pullback is largely due toDisney+ scaling back on direct-to-consumer series.

No specifics or timeline for the reduction have yet been determined.

Pixar

Pete Docter, Chief Creative Officer of Pixar Animation Studios, speaks at Disney’s D23 Expo in 2022.Jesse Grant/Getty Images for Disney

Pixars first original series,Win or Lose, is slated to premiere on Disney+ later this year.

Staffing is a component of that, the Pixar source told Deadline.

Disney declined to comment.

Ryan Reynolds as Nicepool puts his hand on his chest in a still from ‘Deadpool & Wolverine’; Justin Baldoni wears a man-bun and holds a microphone

Bob Iger, who took over for Chapek in November 2022, has presided over extensive cost-cutting.

Disney has been under pressure from investors to boost its lagging stock price.