DreamWorks Animation begins layoffs, number unknown

January 20, 2015 1:10 AM

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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.

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