NBCU Getting rid of 200 Jobs at DreamWorks Animation
Employees in marketing, distribution, consumer items and finance at DWA’s Glendale Campus to begin receiving termination notices as soon as now.
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DreamWorks Animation’s ‘Trolls’ comes to theaters on November 4.
Roughly 200 positions are now being removed in the Glendale campus of DreamWorks animation studio, based on a study by Deadline. The move follows Comcast and NBCUniversal’s $3.8 billion takeover of DreamWorks Animation in April.
Shaun Covering, Chairman of Universal Shot Entertainment Group, apparently sent a memo to staffers on Thursday which read, “We have started discussing business choices that can lead to the removal of roughly 200 positions at our Glendale campus. These changes are focused within the corporate overhead groups in addition to distribution and consumer items, places that we are able to fully integrate procedures with NBCUniversal.”
Comcast’s acquisition of DWA was removed through the U.S. Justice Department on August 22, along with a new management team headed by co-presidents Bonnie Arnold and Mireille Soria was introduced, confirming to Universal Pictures chairman D Langley. In the Q2 earnings report, DreamWorks Animation demonstrated the studio spent $1.two million throughout the quarter from the $17.3 million bonus intend to retain employees while awaiting the offer with Comcast to shut.
Employees in marketing, distribution, consumer items and finance at DWA’s Glendale Campus will apparently start receiving termination notices as soon as now.
Read the whole memo below:
Subject: A Note From Shaun Covering
Once we move along while integrating our companies, the leadership team will constantly evaluate the requirements of our business to make sure we’re best placed to satisfy our objective of as being a leader in premium animation content across all platforms. As indicated on The First Day, we remain dedicated to transparency and, within the next couple of several weeks, will communicate about any changes expected as part of the combination with NBCUniversal.
To that particular finish, today animation studio begun discussing business choices that can lead to the removal of roughly 200 positions at our Glendale campus. These changes are focused within the corporate overhead groups in addition to distribution and consumer items, places that we are able to fully integrate procedures with NBCUniversal.
Individuals who definitely are influenced by these choices is going to be notified now and lots of is going to be dealing with us within the next several several weeks as part of the transition. They are difficult but necessary moves once we try to integrate our organizations and we’ll be as generous as you possibly can to individuals who definitely are departing the organization.
We all know you’ll come along in supporting your co-workers during this period of transition so we too is going to be exploring other possibilities on their behalf and supplying career positioning counseling to assist minimize the outcome.
Searching forward, we’re looking forward to the incredible possibilities ahead for the combined organization and we’ll interact to ensure they are a real possibility.
Interesting ongoing effort,
NBCU has yet to formally announce which DreamWorks Animation game titles they’ll be disbursing, but Deadline reviews that distribution partner twentieth century Fox won’t be delivering any DWA game titles after 2017, which indicates Larrikins (dated for Feb 16, 2018), How You Can Train Your Dragon 3 (June 29, 2018) and also the Croods 2 (undated) is going to be written by Universal. Approaching DWA films presently on Fox’s release schedule include Trolls (November 4), In Charge Baby (March 31, 2017) and Captain Training pants (June 2, 2017).