DreamWorks Animation begins layoffs, number unknown

January 20, 2015 1:10 AM

25 0

GLENDALE, Calif. (Reuters) - DreamWorks Animation SKG Inc has begun a round of layoffs, a labor union said on Monday, while media reports indicated that up to 400 employees could be cut from the studio's workforce.

Months after talks to find a buyer sputtered and a few weeks after high-level management changes, the studio run by Jeffrey Katzenberg intends to "significantly reduce" the size of its workforce, the Los Angeles Times reported, citing two people familiar with the matter.

Read more

To category page