Aardman Animations To Lay Off 15% Of Its Core Staff
The studio also revealed that it was unprofitable last year because of slow sales on the series ‘Lloyd of the Flies.’
The studio also revealed that it was unprofitable last year because of slow sales on the series ‘Lloyd of the Flies.’
The animation industry in Montreal, the province’s hub of animation and vfx production, is in decline.
The company’s closure is attributed to “severe cash flow problems.”
We take a closer look at major stories happening in animation this month.
Approximately 14% of the studio’s staff is being laid off.
The U.S. animation industry might look bleak right now, but it could still get a lot worse.
Workers are bracing for layoffs to hit at the company’s studios in the U.K. and Canada.
Hundreds of Dreamworks staffers to be let go in the coming months.
Approximately 150 employees will be laid off.
Eleven months after laying off roughly 800 workers, EA is letting go of another 670, canceling in-development games, and shuttering at least one studio.
Some of the company’s biggest studios will be affected, including Insomniac, Naughty Dog, and Guerilla.
CEO Bob Bakish thanked the employees for helping to “advance [Paramount’s] mission of unleashing the power of content around the world.”
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.
Tracking layoffs across the animation, vfx, and gaming industries.
For the second year in a row, Disney-owned Pixar will undergo major layoffs.
This is the fourth round of layoffs at Unity since July 2022, and will affect “all teams, regions, and areas of the business.”
Hasbro is predicting a 15% drop in sales in 2023. Could the company reverse that trend next year with the release of ‘Transformers One’?
According to Embracer, the company laid off 900 workers worldwide in Q2 of this year, around 5% of its global workforce.