State tax incentives should create and retain jobs for Californians, not subsidize corporate layoffs.
So it seems that Pixar received a tax credit to retain staff, only to then fire them anyway so they could then rehire them for less money on a project by project basis.
Apparently this might count as tax fraud?
Garbage company producing garbage content turns out to also treat its employees like garbage
What makes this especially troubling is that Pixar isn’t a struggling studio. Its latest release, Toy Story 5, is the highest-grossing film of 2026 to date, with over $1 billion in global box office receipts. Its parent company, The Walt Disney Company, reported more than $94 billion in revenue during its most recent fiscal year.
Holy shit.
If you're in California, consider copying & editing this letter yourself.




















