animation studio DreamWorks Animation, creator of include ‘Shrek’ films, plans to remove 500 jobs and producing fewer movies. Message that the Wall Street Journal. The austerity measures following a series of flops.
Instead of annual release three films, DreamWorks is limited to two films a year, says founder and CEO Jeffrey Katzenberg to investors. Katzenberg also wants to focus refocus on
animated films, after DreamWorks earlier also went on television and online videos. 
The 500 jobs represent 18 percent of the workforce. DreamWorks Animation has released several blockbusters such as “Shrek,” “Kung Fu Panda” and “Madagascar.” Other productions then turned back a flop at the box office.
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