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DreamWorks Animation set to witness layoffs

MUMBAI: Hollywood animation studio DreamWorks Animation is set to witness its first set of layoffs under the new leadership of Bonnie Arnold and Mireille Soria as co-presidents of the studio’s feature division.

As per a Los Angeles Times report, while the exact number of employees, who will be let go has not been finalised, it could be more than last time, when the company had cut down 350 jobs in 2014 after the studio shelved the film ‘Me and My Shadow’.

The company has approximately 1950 employees, and the cuts are expected to hit production staff, including storyboard artists and animators.

Around 150 to 400 employees are expected to be affected at the company’s Glendale and Redwood City, California outposts.

DreamWorks Animation’s chief creative officer Bill Damaschke has already stepped down.

Animation Guild business representative Steve Hulett told Variety that members began reporting layoffs last week. “We began hearing from members that they were getting laid off, but the company hasn’t responded to our inquiries,” he said.

Reports state that staff reduction is taking place as the studio is rethinking on its upcoming release strategy after a string of box office disappointments.

Arnold and Soria were appointed as co-presidents on 4 January. The duo are now taking a close look at the types of films with which the studio will move forward, reducing production budgets and other overhead at the company.