The studio’s second round of staff cuts in less than six months ‘were across corporate functions, feature, television and technology departments as part of an overall cost-reduction.’
DreamWorks Animation has laid off around 70 of its employees, its second round of staffing cuts in less than six months, the studio confirmed to AWN.
“DreamWorks Animation reduced its workforce by approximately 70 positions,” a DreamWorks spokesperson told AWN. “Roles affected were across corporate functions, feature, television and technology departments as part of an overall cost-reduction.”
The news comes after the company laid off 33 employees in May, a 2% workforce reduction at the time, with a similar explanation of an “overall cost-reduction plan across all studios.” The cuts are part of an ongoing trend across the entertainment industry this year, including downsizing and cost-cutting efforts from Disney, Electronic Arts, and Epic Games , resulting in thousands of job losses.
The layoffs come at an odd time for the studio, which has realized recent theatrical successes with The Bad Guys and Puss in Boots: The Last Wish. The studio also has multiple promising upcoming projects, including high-earning franchise offerings Trolls: Band Together and Kung Fu Panda 4.
With two rounds of layoffs in less than six months, we hope there’s not a third around the corner.
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