Glendale-Based DreamWorks Animation Plans Layoffs, Sources Say

January 19, 2015 11:31 PM

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Glendale-Based DreamWorks Animation Plans Layoffs, Sources Say

Stung by a series of box office misfires and failed sale attempts, DreamWorks Animation plans a substantial number of layoffs, two people familiar with the matter said.

In a move to cut operating costs, the Glendale studio intends to significantly reduce the size of its workforce, said the people, who asked not to be identified because they were not authorized to discuss the plans.

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