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Hundreds More Layoffs Incoming At VFX Firm DNEG

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deadline.com

EXCLUSIVE: Hundreds more layoffs are incoming at Dune and Oppenheimer VFX firm DNEG. Deadline is told that the outfit has kicked off a consultation process in at least the UK and Canada, which could see an exodus of around 5% of DNEG’s circa-10,000-strong global workforce.

DNEG had not responded to comment requests by press time. Layoffs are understood to be somewhat concentrated within R&D teams and are a response to the challenged market, which has not eased up since the Hollywood strikes ended and has not improved sufficiently after DNEG brought in a pay offer for staff last year.

In the UK, where sources say the number of layoffs is predicted to be around 100, Bectu boss Philippa Childs said the union is “continuing to do everything we can to support our members who are affected by these redundancies.” “We know this will be a very worrying time for anyone working at DNEG, compounding what has been a very difficult year for UK film and TV workers,” she added. “This is a very challenging time for the sector and many businesses are having to make tough decisions.” Meanwhile, DNEG recently unionized in Canada via an IATSE branch and this branch is understood to be helping workers through the process.

We are told DNEG is co-operating with both Bectu and IATSE Canada. The news comes a day after DNEG unveiled a new facility with Dimension Studio, DNEG 360, expanding a partnership in virtual production, which will be based in London and Rome.

Read more on deadline.com
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