DreamWorks to Cut Jobs in Restructuring
DreamWorks will pay over $300 million dollars in charges after restructuring its business and closing a studio in Northern California. The restructuring will lead to 500 layoffs which comprise 20% of the company's workforce. These layoffs come as a result of the company facing recent financial challenges.
See "DreamWorks to Cut Jobs in Restructuring", Richard Verrier, Los Angeles Times, January 22, 2015