DreamWorks Animation is cutting 500 jobs across all locations, the company announced Thursday. The change comes as part of restructuring its feature film business, CNBC reports.
The study will also focus on producing two feature films per year from now on, instead of three. With all the changes implemented, DreamWorks estimates they'll save $30 million this year and even more after that.
The layoffs are the largest in the studio's history, according to The Los Angeles Times.
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