EXCLUSIVE: DreamWorks Animation is making cuts and slashing four percent of its staff. We understand that the cuts are due to the downward cyclical turn in the business, rising production costs and the strikes.

“DreamWorks Animation reduced its workforce by approximately 70 positions,” a DWA spokesperson told Deadline in a statement. “Roles affected were across corporate functions, feature, television and technology departments as part of an overall cost-reduction.”

The hope is the studio can turn things around with the release of the third installment of the Trolls movie franchise. Trolls Band Together is set to be released on Nov. 17 with *Nsync reuniting after 22 years to perform a song for the film’s soundtrack. Voice actors for the animated motion picture include Justin Timberlake, Anna Kendrick, Camila Cabello, Eric André, Kid Cudi, Troye Sivan, Daveed Diggs, Amy Schumer, RuPaul, Kenan Thompson and more.

Earlier this year DreamWorks Animation and Netflix partnered for Orion and The Dark, an animated feature written by Charlie Kaufman. The feature is set to drop on the streamer in 2024. Director is Sean Charmatz, with Peter McCown producing. Exec producers are Walt Dohrn and Bonnie Arnold. Voice cast includes Jacob Tremblay as Orion and Paul Walter Hauser as Dark.