Connect with us

Hi, what are you looking for?

Jewish Business News


DreamWorks Animation Lays Off 400

unemployed dwarfs

Troubled DreamWorks Animation has begun laying off employees. Some reports say that up to 400 of its workers will be let go, most from its Glendale and Redwood City, California facilities where it employs 2, 200 people.

The job cuts come in addition to 350 that were lost in 2013.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

2014 was a turbulent year for the animated film studios led by Jeffrey Katzenberg. “How to Train Your Dragon 2” was a huge hit bringing in $618 million at the worldwide box office. But “Penguins of Madagascar” and “Mr. Peabody and Sherman” were disappointments for the studios with the latter leading to a $57 million write down.

And DreamWorks is still hurting from its 2013 flop “Turbo.” The studio is the target of a class action suit over the box office bomb that coast it millions. A number of stockholders feel that it deliberately hid the truth about an expected write down over the losses from the movie. Even the SEC is looking into the allegations.

Steve Hulett, business representative for the Animation Guild, which represents about 800 unionized workers at DreamWorks, told the LA Times, “The reason they are struggling is their business model, for better or worse, is built around each picture performing and if a picture doesn’t perform they have to look at staffing and ways to cut.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.