DreamWorks will immediately be shutting down one of its main studios, PDI DreamWorks, in Redwood City, California. On top of that, a total of 500 jobs will be eliminated.
Among the people who will exit the company: marketing chief Dawn Taubin, vice chairman Lewis Coleman, and COO Mark Zoradi. Zoradi, who joined only last summer, said at the time of his hiring: “I am enthusiastic about the opportunity to join the talented DreamWorks team at a time of remarkable expansion and growth for the company.” How quickly times change.
To save money, the studio will begin outsourcing production for some of its films to be able to produce them at a much smaller cost. The new release line-up for the studio is as follows: Kung Fu Panda (March 18, 2016), Trolls (November 4, 2016), Boss Baby (January 13, 2017), The Croods 2 (December 22, 2017), The Larrikins (February 16, 2018), and How to Train Your Dragon 3 (June 29, 2018).