This sucks for these people and their families.
DreamWorks Animation will be axing an estimated 500 jobs from everywhere inside the studio, and the reason why is because Jeffrey Katzenberg says so!
Just kidding… sort of.
The company has had a bad couple of disappointments at the box office recently and because of that the studio wants to only make two films per year instead of the three that they've been doing.
Here's what Katzenberg said about it all: