150 people are officially out of a job today as Disney has pulled the plug on director Henry Selick's latest stop-motion film. The untitled project has been in production for a year and was scheduled for an October 2013 release. What's up with that, Disney?

Variety reports that Disney has cancelled Henry Selick's stop-motion project, notifying 150 employees at Shademaker Productions in San Francisco that they are officially out of work. The untitled project had been in production for a year, with a scheduled release date of October 4, 2013.

A source told Variety, "from a creative and scheduling standpoint, the pic wasn't where it needed to be to meet its planned release date and the studio decided not to continue production as a result."

Selick is now free to sell his project to another studio, but production has come to a halt for the time being. His other project at Disney -- an adaptation of 'The Graveyard Book' by Neil Gaiman -- is still in the works. This is the first project that has been cancelled under the authority of Alan Horn, who replaced Rich Ross as studio chairman in June.

Henry Selick is the director of such visually stunning works as 'Coraline,' 'The Nightmare Before Christmas,' and 'James and the Giant Peach.'