Breaking News: DreamWorks Animation to cut 500 jobs Los Angeles Times | January 22, 2015 | 1:41 PM DreamWorks Animation confirmed today that it will cut 500 jobs worldwide and take a $290-million restructuring charge. The moves come in the wake of a series of box office disappointments for the Glendale studio. For the latest information go to www.latimes.com/companytown.