Sign up today and save up to 83% on a Hartford Courant digital subscription
Topics

Rise of the Guardians (movie)

DreamWorks Animation's box-office flops may result in 400 job cuts

DreamWorks Animation SKG, the upstart studio that once rivaled Walt Disney Studios in mining box-office gold from animated features, is embarking on a fresh round of layoffs following a string of disappointing releases. DreamWorks is looking to shave as many as 400 jobs, or about 20% of its California workforce, under plans still being finalized, according to people familiar with the matter who were unauthorized to discuss them. The layoffs would be the second major downsizing in two years at the studio, which cut 350 jobs in 2013, and currently employs about 2,200 workers in California. The reductions mark a retreat from ambitious growth plans under the leadership of co-founder...

Loading
71°