Disney’s Circle 7 Shutters, Lay Offs To Come
With rumors swirling since the Pixar purchase, Walt Disney Co., on March 20, 2006, shuttered its Circle 7 unit, which was dedicated to producing sequels to Pixar films.
A company spokesperson said, Due to changes in our animation business, a substantial number of artists and staff from Circle 7 will be moving into Walt Disney Feature Animation. For those artists without a Feature Animation assignment, we will be assisting them in finding new employment.