Despite some $430 million in tax breaks for Hollywood in last year’s “fiscal cliff” deal, DreamWorks Animation CEO Jeffrey Katzenberg has announced that he is cutting 350 people by the end of the year. After the disappointing box office for DreamWorks’ latest film, The Rise of the Guardians, Katzenberg said that the $165 million loss made him “go back and rethink everything.” “So it makes you go back and rethink everything, not just the fact that it didn’t work–certainly we spent a lot of time reflecting on that–but more importantly saying, ‘Let’s look at everything and say, ‘What could we … Continue reading After Millions in Tax Breaks for Hollywood, DreamWorks’ Jeffery Katzenberg Kills 350 Jobs