DreamWorks Animation confirmed it laid off employees as part of 'an overall cost reduction.' The company follows other entertainment-related businesses that have cut staff in the midst of fewer productions.
DreamWorks Animation cut about 70 positions, as many entertainment companies have adjusted their staffing levels amid rising production costs and this summer's work stoppages. 'Roles affected were across corporate functions, feature, television and technology departments as part of an overall cost-reduction,' DreamWorks Animation said in a statement released on Sunday.
Two weeks ago, the Writers Guild of America ended their 148-day strike against major studios represented by the Alliance of Motion Picture and Television Producers. when both sides reached a tentative agreement. Writers have until Monday at 1 p.m. to vote on it. Film and TV actors led by SAG-AFTRA remain on strike and are continuing negotiations on Monday with the AMPTP.
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