DNEG To Lay Off Hundreds Of VFX Workers
Workers are bracing for layoffs to hit at the company’s studios in the U.K. and Canada.
Workers are bracing for layoffs to hit at the company’s studios in the U.K. and Canada.
With nearly 800 workers, Icon is one of Vancouver’s largest animation industry employers.
The workers will be covered under the Animation Guild and the Motion Picture Editors Guild.
The study warns, “If things continue like this, the technology in the anime industry will eventually stagnate, and the industry itself may collapse.”
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IATSE organizers say that workers at DNEG Toronto have already filed for union certification and are waiting for the labor board confirmation.
Some of the company’s biggest studios will be affected, including Insomniac, Naughty Dog, and Guerilla.
The union described the agreement as a successor to its hard-fought 2020 contracts which expired in June of last year.
The Animation Guild has asked both studios to voluntarily recognize their workers’ requests to join the union.
CEO Bob Bakish thanked the employees for helping to “advance [Paramount’s] mission of unleashing the power of content around the world.”
When Moonbug purchased the company in 2022, it employed 60 workers in Singapore.
IATSE and Hollywood Basic Crafts will jointly negotiate with the AMPTP on a new Motion Picture Pension and Health Plan .
The startling report makes one thing clear: generative AI is here today and wreaking havoc right now.
Gaming giant Embracer continues a restructuring made necessary by the collapse of a $2b investment deal in mid-2023.
The layoffs come three months after the company purchased Activision Blizzard for $69 billion.
The layoffs represent 11% of the company’s global workforce.