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NBCUniversal announces massive cuts in DreamWorks Animation (Topic)

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NBCUniversal announces massive cuts in DreamWorks Animation

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NBCUniversal has announced massive staff cuts for DreamWorks Animation, which was acquired by parent company Comcast for $ 3.8 billion. According to Variety, the notice is contained in a memorandum signed by the head of Universal Filmed Entertainment Group Jeff Schell.

"This is a difficult but necessary step that we have to take towards the integration of our organizations, and we will try to be as generous as possible with those who leave the company. We know that all of you will help us to support your colleagues in this difficult period of transformations, and we, in turn, will try to create new opportunities for them and provide the necessary consultations to minimize the effect of this blow, "the document says. In total, more than two hundred employees will be laid off.

Recall that Comcast announced the purchase of DreamWorks Animation, which has animated cartoons "Shrek", "How to Train Your Dragon" and others, in April 2016. It was argued that the studio would remain an independent unit within the company structure.

It's also worth noting that in the second quarter of 2016, studio profits were up 29 percent compared to the same period last year.

The Topic of Article: NBCUniversal announces massive cuts in DreamWorks Animation.
Author: Jake Pinkman


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