Netflix Animation is laying off 30 employees – The Hollywood Reporter

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Netflix Animation laid off 30 employees on Wednesday, the streaming service confirmed The Hollywood Reporter. It’s the latest in a series of cuts and restructurings that began last spring after Netflix announced it lost 200,000 subscribers in the first quarter of 2022, followed by a loss of 970,000. subscribers in the second quarter.

During this period, which had already included more than 70 animation layoffs and many canceled projects including that of Meghan Markle pearl, Netflix Animation has begun a restructuring that has seen new executives take over in recent months. The studio is now led by Vice President of Animated Films Content Karen Toliver and Vice President of Animated Films Production Traci Balthazor. It is understood that Tuesday’s layoffs reflect Netflix’s intention to revamp animated film production under Balthazor.

Simultaneously, Netflix Animation is opening a new facility in Burbank to house its original feature animation projects.

Netflix has several projects that have recently ended or will soon be finished. Among them, the recently released The beast from the sea directed by Chris Williams, plus upcoming feature films including Pinocchio by Guillermo del Toroby Henry Selick Wendell and savageby Nora Twomey Draco from my fathern, Wendy Rogers The magician’s elephantand an Aardman Chicken coop after. On the TV series side, upcoming projects include season two of Esoteric (the first season recently won four Creative Arts Emmys, including one for Outstanding Animated Series).

Since 2020, the fledgling animation unit has garnered seven Academy Award nominations in the Animated Feature and Short Film categories, including a win for the short film. If anything happens, I love you.

Deadline was the first to report the layoffs.

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