DreamWorks Animation Planning Layoffs

20 Jan 2015 | Author: | No comments yet »

Hundreds Of DreamWorks Jobs Reportedly At Risk As Layoffs Loom.

LOS ANGELES (CBSLA.com) — Executives at DreamWorks Animation are soon expected to announce layoffs, although the timing and exact number of cuts was unclear, according to reports Monday. DreamWorks Animation is taking a serious look at its headcount, shortly after the company appointed Bonnie Arnold and Mireille Soria as co-presidents of feature animation, with employees starting to be laid off at the company. Plans to “significantly reduce” staffing at the Glendale-based company will likely top the 350 layoffs that the company made in 2003, the Los Angeles Times reported. While DWA has declined to comment on the layoffs, around 150 to 400 employees are expected to be affected at the company’s Glendale and Redwood City, Variety has learned. Peabody & Sherman.” “Three of our last four films have not delivered in terms of audience turnout or financial performance,” Katzenberg told analysts in April 2014, before “The Penguins of Madagascar” also underperformed in the latter part of the year, with nearly $271 million worldwide, $78 million coming from domestic theaters.

Both “Kung Fu Panda 3″ and “B.O.O.: Bureau of Otherworldly Operations” were moved out of 2015, with the latter not yet landing on a new release date. The third “Panda” will now join “Trolls” in 2016, with “Boss Baby,” “Mumbai Musical,” sequels to “Puss in Boots,” “The Croods” and a third “How to Train Your Dragon” also waiting in the wings beyond that.

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