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Comcast took less than a month to start slashing jobs at DreamWorks

Comcast’s NBCUniversal said today it will lay off about 200 people from DreamWorks Animation, which it recently purchased for $3.8 billion. The sale was finalized just three weeks ago, Variety reports. The company said affected employees will be notified this week, attributing the cuts to integration. Comcast scooped up the DreamWorks—which owns popular kid-friendly franchises … Continue reading “Comcast took less than a month to start slashing jobs at DreamWorks”

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Comcast’s NBCUniversal said today it will lay off about 200 people from DreamWorks Animation, which it recently purchased for $3.8 billion. The sale was finalized just three weeks ago, Variety reports. The company said affected employees will be notified this week, attributing the cuts to integration. Comcast scooped up the DreamWorks—which owns popular kid-friendly franchises like Shrek and Kung Fu Panda—as a way of staying competitive against Disney and its hit-making animation powerhouse Pixar.   

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[Photo: DreamWorks]

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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