Breaking News: DreamWorks Animation plans substantial layoffs Los Angeles Times | January 19, 2015 | 1:44 PM DreamWorks Animation intends to significantly reduce the size of its workforce to cut costs, according to two people with knowledge of the move who asked not to be identified because they were not authorized to discuss the plans. The precise number of people who will lose their jobs has yet to be finalized, though the number is expected to exceed the 350 layoffs that occurred in 2003. The company has about 2,200 employees in California. For the latest information go to latimes.com/companytown.