DreamWorks in the US lays off 70 employees... "Cost reduction"
DreamWorks, the animation studio in Hollywood, USA, is laying off about 70 employees, according to US entertainment media Deadline and Variety on the 8th (local time).
A DreamWorks spokesperson explained the layoff policy as "part of overall cost reduction."
According to Deadline and others, the number of employees being laid off corresponds to 4% of the total staff.
The affected personnel are known to be spread across corporate operations departments as well as feature film, TV, and technical sectors.
This layoff is analyzed to be due to difficulties in management caused by the overall economic downturn, rising production costs, and the Hollywood writers' and actors' union strikes.
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DreamWorks has not had a clear hit since 2021's "The Boss Baby 2." They are aiming to reverse the stagnant mood with the release of the third installment of the "Troll" series, "Trolls Band Together," opening on the 17th of next month.
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