Stung by a series of box office misfires and failed sale attempts, DreamWorks Animation plans a substantial number of layoffs, two people familiar with the matter said.
In a move to cut operating costs, the Glendale studio intends to significantly reduce the size of its workforce, said the people, who asked not to be identified because they were not authorized to discuss the plans.
While the precise number of people who will lose their jobs has yet to be finalized, the number is expected to exceed the 350 layoffs that occurred in 2003 after the studio shelved production of the movie “Me and My Shadow.”
Layoffs are expected to include animators, story-board artists and other production personnel and support staff at the studio’s Glendale and Redwood City facilities, which employ about 2,200 workers.
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