DreamWorks Animation will lay off 170 employees at its Glendale campus in January as the studio continues to be integrated into NBCUniversal following its acquisition early this year by Comcast Corp.
The staffing cuts come two months after DreamWorks eliminated 200 positions in the corporate office and in its distribution and consumer products operations.
The Glendale film and television studio in August closed on its $3.8 billion sale to Comcast and is now part of NBCUniversal’s Universal Filmed Entertainment Group.
The latest round of layoffs includes positions in the DreamWorks film animation group, according to a source familiar with the situation. Universal Filmed Entertainment is in the process of film slate planning and some staff cuts were due to cancellation of the animated film “The Croods 2,” the source said.
“This is separate from the positions eliminated earlier in the year in corporate functional areas,” the source added. ...
What's happening here is ...
Croods 2 has fallen off the DWA production schedule. So staff positions for the show have been eliminated.
Two features still on the production schedule have had their release timetables revamped. They now have no hard and fast release dates.
Because of all this, various production departments at DreamWorks' Glendale campus have been informed that some positions will be eliminated.
Some artists and tech directors have been given end dates (some of which occur tomorrow), but most everyone will be paid through January 20th.
Note: Newsmax Finance, where all discerning connoissieurs go for business news, picked up the story from the Journal and called the layoffs "firings". No, they're not firings. These are layoffs. But we get how the f-word sounds more dramatic.