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    Home » Blog » Hollywood Recession: Visual Effects Studio Behind ‘Dune,’ ‘Oppenheimer’ to Lay Off Hundreds

    Hollywood Recession: Visual Effects Studio Behind ‘Dune,’ ‘Oppenheimer’ to Lay Off Hundreds

    May 2, 2024Updated:May 2, 2024 Politics No Comments
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    The VFX home DNEG, which worked on the well-known movies Dune and Oppenheimer, did presumably lay off plenty as a result of its gradual recovery from the industry-wide attacks.

    The firm has reportedly begun a consultation process in the U. K. and Canada, which could lead to a 5 percent split from its workplace, per Deadline.

    The outlet noted that” Cuts are understood to be a significantly concentrated within R&amp, D teams and are a response to the challenged sector, which has not eased up since the Hollywood strikes ended and has not improved sufficiently since DNEG brought in a earn give for team last time.”

    Bectu director Philippa Childs stated that the federation is” continuing to do everything we can to help our people who are impacted by these redundancies,” adding that in the UK, sources said the number of layoffs was expected to be around 100.

    Childs argued that it will continue to be a “very worrying time for people working at DNEG, compounding what has been a pretty tough time for UK movie and TV employees.”

    Many companies are having to make difficult decisions, she said, and this is a really challenging time for the industry.

    In response to the London office closures that DNEG caused last year, it laid off more than 70 workers. This led to the company requesting that people take a 25 % pay cut or otherwise” join a loan scheme” in the wake of the Hollywood attacks.

    ” They made a number of proposals under the guise of ‘ we hope things will improve’ but that evidently has n’t happened”, one union source told Deadline.

    &nbsp, DNEG no just worked on films Dune: Part Two and Oppenheimer, the company also took home two Oscars with Christopher Nolan’s Tenet and Inception.

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