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DreamWorks Restructure Cutting 500 Jobs

January 23, 2015, 05:18 AM

Predictions for the announced round of lay offs at DreamWorks Animation fell short, with the studio announcing Thursday that it will be slashing 500 jobs and taking a $290 million pre-tax charge as part of its feature film business restructure. MarketWatch reports the company’s shares made a 5.5% gain to $22.50 in after-hours trades following the announcement.

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