Bob Peterson

Pixar undergoes layoffs due to 'The Good Dinosaur' delay

Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film "The Good Dinosaur."

The layoffs affect less than 5% of the company's 1,200-person workforce, according to a source close to the studio.

In September, "The Good Dinosaur" was pushed back from its original release date of May 30, 2014, to Nov. 25, 2015.

About a month before the project was delayed, the studio, a unit of Walt Disney Studios, removed director Bob Peterson from the...